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Get your taxes done using TurboTax
@maslance wrote:
Does it matter if the Trust has income and distributions or if only one or the other?
In terms of filing a return, it does matter (i.e., if the income is below the threshold required for filing a 1041, then a 1041 does not need to be filed).
However, neither income nor distributions change the nature (or type) of the trust.
‎April 11, 2020
9:03 AM