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February 18, 2025
Question

My mother passed on 12/21/2024, and I have an EIN to setup my Generation Skipping Trust (GST); no bank account is setup nor have I received income; is Form 1041 required?

  • February 18, 2025
  • 1 reply
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    1 reply

    M-MTax
    February 18, 2025

    Not required until the trust actually receives income/gain.

     

    See https://www.irs.gov/instructions/i1041#en_US_2024_publink1000285943

     

    You ARE going to need a lawyer for this.

     

    I am sorry for your loss.