@csbarbero wrote:
It seems like I would have normally to file a 1041 except the amount for 2025 is below the $600 threshold. Is this correct?
No. The $600 (or more) in gross income is applicable to estates. With respect to trusts, the threshold for filing a 1041 is $600 (or more) in gross income OR any taxable income for the tax year (regardless of gross income).
You'll find that taxable income number on Line 23 of your 1041(s) if you start preparing the return(s). If each trust has $476 in interest income and no deductions, there would be a filing requirement.
