https://ttlc.intuit.com/community/taxes/discussion/form-1041-for-trust/01/2792473#M1029662 <P class=""><SPAN class="">My mom put her home in a trust at the end of 2020 with my sister and I as equal beneficiaries.<SPAN class="">&nbsp; </SPAN>When she passed (which was in 2021), we were to sell the home and split proceeds.<SPAN class="">&nbsp; </SPAN>The house was recently sold this year. When we opened a trust bank account to put the proceeds in and obtained an EIN, the IRS message stated we had to file a 1041 for 2021 (by the 22nd of this month) even if to show no liability.<SPAN class="">&nbsp; </SPAN>If the trust bank acct had no proceeds then, and the trust just had her house in it at the time, how do we complete the 1041? </SPAN></P> Tue, 10 Mar 2026 06:51:49 GMT AK52 2026-03-10T06:51:49Z https://ttlc.intuit.com/community/taxes/discussion/form-1041-for-trust/01/2792473#M1029662 <P class=""><SPAN class="">My mom put her home in a trust at the end of 2020 with my sister and I as equal beneficiaries.<SPAN class="">&nbsp; </SPAN>When she passed (which was in 2021), we were to sell the home and split proceeds.<SPAN class="">&nbsp; </SPAN>The house was recently sold this year. When we opened a trust bank account to put the proceeds in and obtained an EIN, the IRS message stated we had to file a 1041 for 2021 (by the 22nd of this month) even if to show no liability.<SPAN class="">&nbsp; </SPAN>If the trust bank acct had no proceeds then, and the trust just had her house in it at the time, how do we complete the 1041? </SPAN></P> Tue, 10 Mar 2026 06:51:49 GMT https://ttlc.intuit.com/community/taxes/discussion/form-1041-for-trust/01/2792473#M1029662 AK52 2026-03-10T06:51:49Z https://ttlc.intuit.com/community/taxes/discussion/re-form-1041-for-trust/01/2792501#M1029663 Sun, 22 Dec 2024 23:54:22 GMT https://ttlc.intuit.com/community/taxes/discussion/re-form-1041-for-trust/01/2792501#M1029663 Anonymous_ 2024-12-22T23:54:22Z