If I am a Community Fund Trust Beneficiary, Grantor, or Designated Advocate, do I need to report Trust information on my tax return?

November 13, 2020

Unfortunately Community Fund Ohio cannot provide tax advice and the answer depends on each taxpayer’s individual situation. The Trust is not tax exempt and tax information may need to be reported on the Beneficiary’s or Grantor’s tax return, depending on the type of Trust. We recommend consulting with a tax advisor for advice. Also, remember that even if income is required to be reported on a tax return, that does not automatically mean that income tax will be owed.