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Question

1099 int received for trust after estate is closed

Forum|Forum|1 year ago
March 23, 2025
1 reply
0 views

I filed a final trust 1041 and 706 in 2021 and I just received a 1099-Int in 2024 for an unrelated legal settlement with the trust ein.....do I need to file another 1041 (amt is 10K)

Yes. A trust return is required if the income is over $600. And this is much higher than that. You need to file this in a hurry, too, because it was due by March 15th.

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