March 01, 2002

Grantor Trusts and Income Tax Reporting Requirements (2002, 16:02)

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.

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