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cp42
January 28, 2022
Question

File a trust or an estate. My father died April 2021 but had annuities that paid out to the trust and finally to the beneficiaries. Do I file a trust or an estate 1041?

  • January 28, 2022
  • 1 reply
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Do I file a trust or an estate 1041 if my father died on April 2021 but had annuities that paid out to the trust?

1 reply

A
Anonymous_
Employee
January 28, 2022

If the trust received the annuities and the trust had any taxable income for the tax year or gross income of $600 or more, then a 1041 is required to be filed for the trust.

 

You need to determine whether the products generated taxable income (for which the trust should receive a tax reporting statement).

 

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