You must make a distinction between trustee and beneficiary. A trustee administers a trust and has certain fiduciary duties he or she must follow along with following the terms of the trust. A person who is merely a trustee does not share in any income.
Beneficiaries on the other hand are the ones who receive income and/or principal from a trust. Only if you are a beneficiary who receives income from the trust you would pay income taxes on the trust income.
However, a person can be both a trustee and an income beneficiary.
But, generally speaking, if you are only a trustee you should not have any income tax problems.
Mr. Fromm is licensed to practice law in PA. The response herein is not legal advice and does not create an attorney/ client relationship. The response is in the form of legal education and is intended to provide general information about the matter within the question. Oftentimes the question does not include significant and important facts and timelines that if known could significantly change the reply unsuitable. Mr. Fromm strongly advises the questioner to confer with an attorney in their state in order to ensure proper advice is received.
Owner of the interest producing asset pays the taxes. Since the asset was in the trust, the trust is owner. The trust needs to pay taxes. As trustee you have a duty to make sure that's done. You should consider hiring an attorney to help you administer the trust.