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We set-up a trust a while back. The only thing in it right now is the house. I'm thinking I should probably also put our brokerage accounts into it (avoid probate, etc). However, those accounts generate income and gains from time to time. Would we need to file separate tax returns for the trust in that event? Because the ownership becomes the name of the trust rather than my name (beyond the fact that the trust name includes my name).
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This is a question for the lawyer you worked with when you set up the trust. He/she knows what your overall goals and plans were all about.

As to whether your trust holding the investment assets would require a separate tax return to be filed depends on all the provisions of the trust, as to whether it is a "grantor trust". If it is a revocable trust, then it is, for example. If so, then you must (not an option) report all the trust income on your personal return. You can keep the 1099s being filed with your personal SSN and skip filing a 1041 for the trust.

But this is something to discuss with your lawyer.

Bill
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