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Retirement tax questions
@Scott G1 wrote:.......do a mock 1041 using the Biz Desktop....
Why? If the trust only had proceeds from a life insurance policy, which proceeds are specifically excluded from gross income (see https://www.law.cornell.edu/uscode/text/26/101), there is most likely no need to even file a 1041.
‎June 14, 2024
9:40 AM