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smschmitt57
April 8, 2025
Solved

A family trust was set up with our parents rental properties. My Brother takes care of all the business. It is "no reportable income". so How do I report it?

  • April 8, 2025
  • 1 reply
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My brother fills out all the information on each of the 11 rentals. The trust pays the bills. We never get payouts, since no profit each year. Why do I need to duplicate what he reports? I have never had to for the last 7 years,
    Best answer by MAK70

    If there is no reportable income, you do not have to enter the information on your tax return.  

    1 reply

    M
    MAK70Answer
    April 8, 2025

    If there is no reportable income, you do not have to enter the information on your tax return.  

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