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Business & farm
Thanks for the response. Yes the grantor passed away, my sister is the Trustee and I am trying to complete her tax issues for her. The final 1040 sr is filed and I am just trying to complete the 1041. The mobile home was my mother's final residence, in FL and was sold for a minimum. There is no FL tax issues that I am aware of. I was just wondering if the IRS requires that transfer to be outlined in the 1041. The way I interpret is that there was no income, gain or loss to declare so to final the trust just file a 1041 with zeros throughout. Would that be correct?
March 9, 2021
7:39 AM