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Is 1041 necessary for a Trust? Please clarify the "ANY taxable income for the year" rule.
The Trust's gross income was $500, all in interest and dividends. "Taxable Income" after deductions + $100 exemption (complex trust) is negative. But since int/div. are considered "taxable income", does the Trustee still need to file a 1041?
‎August 18, 2023
1:42 PM