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Filing returns for my children's trust accounts for college
We have 2 kids. Each of them has a trust fund that was set up in 2018 when my father passed away. These funds are for college savings. I know I have to use forms 1041 and K-1 for tax preparation, but what form(s) do I use to file the returns for each of the 2 children? Can this be done using 1040 or 1040ez?
Thanks in advance.
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March 13, 2023
2:03 PM