DaveF1006
Expert Alumni

Business & farm

It depends on the type of trust you have.  If your trust is a grantor trust, is does not need to reported either on a state or federal level according to this. Also, if you have a simple trust, the trust terms require all its income to be distributed currently and do not provide for charitable contributions. This requires having a beneficiary to distribute the income.

 

If you have a complex trust,  this permits accumulation of income, charitable deductions. or distribution of principal. Please read this State of Illinois reference for more information on trusts and estates.

 

if you continue having difficulties filing this, complete the return and then print and mail it in. Include a statement that you do not have beneficiaries and that all tax is reported and paid on the entity level. Make sure you know what type of trust you have before you do this.

 

Fiduciary (Trust and Estate)

IL-1041 Instructions

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