Should I file form 1041 as a trustee of a special needs trust which was closed out this year? I received a 1099-R showing income from the trust.

[tagteam · Accepted solution]

You should file a return for the trust if the trust had any taxable income for the tax year (gross income less deductions) or gross income of $600 or more (regardless of taxable income) and mark it as a final return if the trust was terminated and income and corpus distributed.