Does a Trust Have to File a Form 1041
The income requirements for trusts are very similar to the rules for estates. IRS Form 1041 is used to report any income a trust earns over $600. If a trust or estate earns less than $600 in income in a fiscal year, it is not required to file. In other words, if one has been redeeming everything in lawful money, what income is there to report?
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