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"How is this reported?"
Unless the trust is a grantor trust (essentially a trust where the trust assets are owned by the grantor and/or the grantor has complete control), the trust must file a Form 1041 if it has any taxable income for the tax year, gross income of $600 or more (regardless of taxable income), or a beneficiary who is a nonresident alien.
See https://www.irs.gov/instructions/i1041#idm139674713127392
"How is this reported?"
Unless the trust is a grantor trust (essentially a trust where the trust assets are owned by the grantor and/or the grantor has complete control), the trust must file a Form 1041 if it has any taxable income for the tax year, gross income of $600 or more (regardless of taxable income), or a beneficiary who is a nonresident alien.
See https://www.irs.gov/instructions/i1041#idm139674713127392
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