Grantor Trusts and Income Tax Reporting Requirements: A Primer
Probate and Property, March/April 2002, Volume 16, Number 2
By Jonathan G. Blattmachr and Bridget J. Crawford
A trust is a "grantor trust" for income tax purposes to the extent that, under Code §§ 671–679, the trust’s income, deductions, and credits against tax are attributed to its grantor or its beneficiary. A trust may be a grantor trust in its entirety or only in part and may be a grantor trust with respect to one or more taxpayers.