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How to account for a rental house in a trust.
Taxpayer put her house in a trust and was originally told she did not have to do anything with the trust.
She purchased a second home in 2025 and put it in the trust. The second home is rented to her daughter who is also the only beneficiary.
Do I set up the second home as a rental property in the trust a file a trust tax return?
There is no investment income in the trust, only the rental income which the taxpayer uses as additional income in addition to social security, or at least to pay the mortgage and other expenses.
