Posted by B.L.Renfrow on May 23, 2000 at 18:33:19:
Let me say first, I am no expert in this area, as most of my experience is in lease-options. However, I am doing a land trust deal right now, and have looked specifically at the co-trustee situation.
You are correct in that the trust itself does NOT file a return. However, in certain situations, the TRUSTEE is required to file an informational return.
Unfortunately, I am away from home until tomorrow, where all my references are located, and the specifics excape me at the moment. If no one posts a more complete response before then, I will look it up when I get back and post the details.