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State tax filing
@Mikey2277 Contact the trustee for further information.
If the trust had absolutely no income, gain, credits, et al, and the distribution consisted entirely of corpus, then there would be no need to issue a K-1.
If the trust assumed liability for income tax due and paid any tax due, then there would also be no need to issue a K-1 if the trust had net income and/or gain.
March 24, 2024
9:21 AM
2,473 Views