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Level 1
June 1, 2019
Question

We have an irrevocable trust that we sold our father's house and some stocks in 2018. What form do we need to file? We have only received a 1099-s and 1099-b.

  • June 1, 2019
  • 1 reply
  • 7 views
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1 reply

bobweissman
Level 6
June 1, 2019

If the income was earned by the trust as opposed to individuals, you need to file Form 1041. The only edition of TurboTax which handles that form is the Business (not Home & Business) edition.

https://www.irs.gov/forms-pubs/about-form-1041