Business & farm

Technically, that amount would be absorbed by the trust's exemption (either $100 or $300).

 

See https://www.irs.gov/instructions/i1041#idm140630132225648

 

Regardless, you should file a return for the sake of continuity and the IRS may be looking to match a return to a tax reporting statement (e.g., 1099-INT).

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