Re: Trust for residence

My home is in a irrevocable trust and I still live in it. It does not generate income, I have to pay property tax still. The City assessment changes from time to time. Am I required to file a form 1041 with the IRS?

posted

No, you are not required to file Form 1041 for your residence that's in an irrevocable trust.

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Since I'm a FL resident and my returns aren't due until May 1, am I still eligible to file a federal extension for my personal and business taxes.

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