Grantor Trust Disregarded Entity

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Trust as a DRE. While the plain language of the Code 's grantor trust rules appears to imply that a wholly grantor trust i.e., a trust that is deemed to be entirely owned by a single individual or entity will be disregarded for federal income tax purposes and the IRS has treated grantor trusts as DREs, at least .A grantor trust is considered a disregarded entity for income tax purposes. Therefore, any taxable income or deduction earned by the trust will be taxed on the grantor 's tax return. In most cases, there will not even be a requirement to file a trust income tax return, as the income of the trust assets can be .An "irrevocable trust" can be treated as a grantor trust if any of the grantor trust definitions contained in Internal Code 671, 673, 674, 675, 676, or 677 are met. If a trust is a grantor trust, then the grantor is treated as the owner of the assets, the trust is disregarded as a separate tax entity, and all income is .

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