Hello!
I have two dependents that were beneficiaries through a Living Trust that was executed during 2025. After funds were dispensed to all the beneficiaries, we set up CDs for the trust account funds for our two dependents. We received Schedule K-1 Form 1041 forms along with 1099-INT for both of them. I was under the impression that all of this would be included with our 2025 filing but it does not appear to be the case. First off, what is the 1099-INT threshold for reporting for a dependent? If the interest earned last year does no exceed that threshold, I will not need to file the two accounts correct? Do I need to do anything with the Form 1041 Schedule K-1 if I don't have to report the 1099-INT? I assume I would enter both the 1099-INT and K-1 together for each dependent if I need to file but I want to make sure I understand this before doing anything. Any insight would be greatly appreciated!
