Business & farm


@nadine_sue wrote:

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?


If the trust does not have any taxable income or gross income of $600 or more, the trust is not required to file a Form 1041.

 

See https://www.irs.gov/instructions/i1041#idm140229124997744