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2022 Final tax return for trust, 2022 Business Software.
Final 2022 return for trust that had small capital gain during tax year. Entire corpus of trust was distributed to beneficiary in April 2022. The Trust's capital gain is so small that the Trust owes no tax according to software. K-1 has not been sent to beneficiary. Thinking to file trust tax return without a K-1 for the beneficiary and to not worry about paying tax since software says no tax due. Would that be good enough to close the Trust? Finding so much conflicting info on this, please help!
‎February 13, 2024
3:16 PM