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Do I have to file taxes for an irrevocable trust that had no income? IRS States at least $600, but there is a net loss.
tamarmot
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Do I have to file taxes for an irrevocable trust that had no income? IRS States at least $600, but there is a net loss.
The account did have > $600 of income in its holdings, but it also had loss greater than the income, making it a net loss.
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TurboTax Online
March 24, 2023
9:19 AM
