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Investors & landlords
Thank you! I guess what I meant was the trust DOES have income requiring the 1041 but losses from bonds sales offsets it – in the end there is -$2000 tax owed. So in that case, can I safely submit the 1041 and just bypass the Beneficiary info/K1s entirely and basically forfeit the loss? This is the final return for the trust.
I'm just trying to keep things simple!
March 1, 2023
3:18 PM