The Winston Trust is classified as a grantor trust, because the donor can revoke the trust. Consequently, Winston need not file an annual Form 1041, and he reports the trust items on his own Form 1040.

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The Answer of The Winston Trust is classified as a grantor trust, because the donor can revoke the trust. Consequently, Winston need not file an annual Form 1041, and he reports the trust items on his own Form 1040.

The Winston Trust Is Classified as a Grantor Trust, Because