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    Trust tax return

    A trust's only annual income is $18 in taxable interest.

    Is the trust required to file a 1041, or is the trust not required to file a 1041 because the trust exemption reduces taxable income to zero?

    #2
    Gross income must be over $600 for a return to be required. However, if this is a final return where losses and expenses flow through to the bene's, you may wish to do it anyway so that can happen.

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