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Retirement tax questions
The only reason for the 1041 would be the fact that I had to create an EIN # for it notifying the IRS of it's existence. If I do not file a 1041 noting "final return", the IRS will assume the trust is still open after 2024 when in fact it was opened and closed in a matter of 3 or 4 months in 2024. As the trustee, I want to be finished with this trust after 2024 and not have an open EIN associated with my social sec in 2025 and beyond. Sorry but all this is new to me and I'm not loving being the "trustee" lol.
‎June 14, 2024
9:58 AM