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Business & farm
This 1041 is for my mother's revocable trust to report the income and expenses for the trust after death until the end of this year. Should I have selected estate or trust as the entity type? At first I selected estate because the return type is for the decedent's estate but after receiving your note I was going to redo it and select trust as the entity type. There are no business producing assets that were lost due to the casualty loss through emergency declaration, only personal items.
‎November 28, 2020
10:00 AM