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Deductions & credits
Assuming there was no taxable income and the gross income is less than $600 per year then you would not have to file a trust tax return. There can be taxable income from a Roth IRA if there is a premature distribution (made before age 59 1/2) or a distribution less than five years from the date contributions were first made. In those instances, any distribution of earnings would be subject to tax and penalties.
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‎January 29, 2025
6:55 PM