New Member

posted Feb 18, 2025 11:55:52 AM

My mother passed on 12/21/2024, and I have an EIN to setup my Generation Skipping Trust (GST); no bank account is setup nor have I received income; is Form 1041 required?

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Level 12

Feb 18, 2025 12:23:06 PM

Not required until the trust actually receives income/gain.

See https://www.irs.gov/instructions/i1041#en_US_2024_publink1000285943

You ARE going to need a lawyer for this.

I am sorry for your loss.