Assertion: trust's income | /r/HasProperty | taxed to the grantor
Facets:
Source sentences:
text: If a grantor retains certain powers over or benefits in a trust, the income of the trust will be taxed to the grantor, rather than to the trust.
text: 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 taxed to the grantor.