AmyT
New Member

Business & farm

If the trust is paying all income taxes with it's 1041, you will most likely not have any income to report.

Before you finalize your return, it would be a good idea to contact the trustee to make sure that you will not receive a K-1 that shows income or deductions that you would be required to report.  While, in this situation it is unlikely that you will, it would be better to be positive before filing than to need to file an amended return later.

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