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New Member
posted Jun 6, 2019 1:40:43 AM

Does exemption still apply in 2018 for form 1041 line 20 for a complex trust?

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Level 15
Jun 6, 2019 1:40:46 AM

"does exemption still apply in 2018 for form 1041 line 20 for a complex trust?"


Yes, and it is $300 if the trust instrument requires that all income be distributed currently; otherwise it is $100.


See https://www.irs.gov/instructions/i1041#idm140630131305376

1 Replies
Level 15
Jun 6, 2019 1:40:46 AM

"does exemption still apply in 2018 for form 1041 line 20 for a complex trust?"


Yes, and it is $300 if the trust instrument requires that all income be distributed currently; otherwise it is $100.


See https://www.irs.gov/instructions/i1041#idm140630131305376