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Revocable vs. irrevocable trust reporting

August 12, 2021

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Q. Revocable trust vs. irrevocable trust 1099 reporting: Would I treat the trust differently depending on what kind of trust it is? Or are all trusts 1099-reportable? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.) Both of those types of trusts are Form 1099 reportable. The difference is that an irrevocable trust is a taxpayer…

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