Thanks so much for your reply! The 1041 filed in 2018 for the Trust was marked final, so I am assuming I shouldn't file another final 1041. So to be clear, the fact that $81 is less than the $300 exemption, the trust would in effect have no taxable income. Therefore no 1041 needs to be filed, no income distributions are required, and the beneficiaries owe no tax on these earnings. Is this correct? Thanks!!
