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I'm trustee of a complex irrevocable trust for my special needs son. We put $500 and someone else put $2,000 in the trust in 2016. Is this considered Income on the 1041?
The trust has its own EIN.
"Is this considered Income on the 1041?"
No, that is considered a contribution (i.e., funding the trust) and becomes part of the corpus (principal) of the trust.
It is not income.
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