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joanne s
Level 2
Mar 28, 2024 12:44 AM UTC
Question

trust with an EIN number

I formed a trust in 2023 with the intention. of putting 2 properties in it.  I do have an EIN # and did get the IRS letter stating to file a 1041.

 

I have not put anything in the trust as of today.   Do i need to file anything? 

 

Joanne

    2 replies

    ThomasM125
    Alumni - Intuit
    Mar 28, 2024 3:01 AM UTC

    From the instructions to Form 1041, you may not need to file the trust tax return since you don't have any taxable income for the year and you have less than $600 in gross income:

     

     

    You can find the instructions here:  Instructions to Form 1041

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    Anonymous_
    Level 15
    Mar 29, 2024 3:05 PM UTC

    Also note, for future reference, that if this is a grantor trust, you have filing options.

     

    See https://www.irs.gov/instructions/i1041#en_US_2023_publink1000286018

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