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Get your taxes done using TurboTax
Trusts get an exemption of either $100 or $300 depending on if they must distribute all income currently or not.
Even if the trust gets the lower exemption of $100 the income of around $80 is still less than that so the trust would owe no tax...........it would be a waste of time to file a 1041. You're better off reporting it on your own return instead.
Very sorry for your loss.
‎November 20, 2024
10:34 AM