Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Nongrantor trusts are trusts which are not grantor trusts. But, what is the tax reporting for grantor and nongrantor trusts? Read on to learn more.
Latest posts by Kim Morrison (see all)
- What You Need to Know About SECURE Act 2.0 - March 27, 2023
- What Happens When You Don’t Trust Your Trustee – Part II - March 20, 2023
- What Happens When You Don’t Trust Your Trustee – Part I - March 13, 2023
