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1099R: family trust is recipient; can sole beneficiary just report as income on 1040?
Hi,
Spouses deceased parents had a family trust. Both parents deceased several years ago. Spouse is sole beneficiary of trust.
One account was closed in 2024, and a 1099R was sent with trust as recipient. This is the first activity of the trust in years. Do we really need to file a return for the trust? Or, can we just claim what's in box 2a as personal income on our personal 1040?
‎April 2, 2025
9:27 AM