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1041 Trust and K1?
Are K-1s required for a 1041 return if the trust did not earn any money? I'm trying to complete what I thought was a fairly simply trust return with TT Business, the trust had investments that were sold at a loss, there are no taxable earning at all, only distributions. Beneficiary distributions were made, but is it then required to send each beneficiary a K-1?
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‎February 24, 2023
12:22 PM