unexpected interest income after 1041 final filed

[cher52]

the trust 1041 final was filed in 2021....I received unexpected award settlement in summer 2024 and now I have received a 2024  int-1099 pertaining to this....I deposited the check into the trust acct which I have not closed yet....the check was made out to the trust and the 1099 recipient is also the trust....do I need to file and pay tax..

[BrittanyS]

TurboTax provides the following information on when to file a Trust return:

"You must file Form 1041 for a domestic trust that has:

• Any taxable income for the tax year
• Gross income of $600 or more (regardless of taxable income)
• A beneficiary who is a non-resident alien

For more information, see the link below:

• When to file a Trust return