"jo" wrote
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>>>>>> However, if the trust is classified as a grantor trust, it is not
>>>>>> required to file a Form 1041, provided that the individual grantor
>>>>>> reports all items of income and allowable expenses on his own Form
>>>>>> 1040, U.S. Individual Income Tax Return. Thus, the grantor/individual
>>>>>> would pay the total tax liability upon the filing of his return for
>>>>>> that taxable year.
> All the income can be reported on your individual income tax
> returns if you like.
It sounds like you are saying you can file on your individual tax form or an alternative. What determines "if you like"? What is the alternative to filing on your own form? Jo
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