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Investors & landlords
Thank you for the information! So just to clarify, the trust DID earn income in excess of $600 but also experienced losses from bond sales resulting in a loss (no taxes owed)…the only thing distributed to beneficiaries WAS principal however is the K1 required to report the loss? Or can I safely submit the 1041 without K1s?
February 25, 2023
7:30 AM