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Get your taxes done using TurboTax
The trust would only be required to file a 1041 for 2019 if the trust had any taxable income for the tax year or gross income of $600 or more for the tax year (and it appears as if neither is applicable for 2019).
For the 2020 tax year, the trust will have to file a 1041 if it meets either of the two criteria mentioned above or if the trust receives a tax reporting statement for the sale of the house (e.g., 1099-S) or sale of the car (e.g., 1099-MISC.
See https://www.irs.gov/instructions/i1041#idm140366311406240
‎April 11, 2020
8:49 PM
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