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April 24, 2025
Question

Trust for residence

  • April 24, 2025
  • 1 reply
  • 0 views

My home is in a irrevocable trust and I still live in it.  It does not generate income, I have to pay property tax still.  The City assessment changes from time to time. Am I required to file a form 1041 with the IRS?

    1 reply

    SharonD007
    April 24, 2025

    No, you are not required to file Form 1041 for your residence that's in an irrevocable trust.

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