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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
March 9, 2021
7:46 AM