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Thinking about this more, our brokerage is in the trust. My mom's brokerage is in her trust, and she uses an accountant. He files one return for her which includes any cap gains.

We file our returns similarly. We don't have a separate 1040 for the brokerage.

If 1poormom's accountant isn't doing that either, is that a problem?

I plan to consult a trust attorney anyway to make sure everything is correct. We can take some names off the trust as they are no longer applicable now that 1poorkid isn't a minor.

1poorguy
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