Trust income

[morojoko22]

received 1099-int for trust I became successor trustee of. how do I claim this. must I file 1041. Less than 100 $ of intrest

[Anonymous_ · Accepted solution]

The trustee (fiduciary) of a trust is required to file an income tax return for the trust (1041) if the trust has any taxable income.

However, the income will be entirely absorbed by the trust's exemption (either $100 or $300).