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Business & farm
a simple trust or a grantor trust. a simple trust is treated as making a distribution of its income each year. technically a k-1 does not have to be issued until 5/17/2021 for 2020
a grantor trust, if it's using the grantor's ssn, doesn't even file a return. the taxpayer must include all items of income in their return which they extract from the various (tax) documents issued.
‎April 1, 2021
5:31 PM