dude7707
Level 5

Facts:  T/P's died in 2024, there was only a revocable living trust.  Attorney setup bypass trust, by applying for FEIN, however, no assets were placed in this trust.  Recommended just show no activity and mark final.

Prepared final 1041 showing no beneficiaries since no K-1's will be issued.

Q1:  Is this the proper filing of this FINAL 1041 given the limited facts above?

Q2:  If yes, then how do you eliminate the error showing under list of beneficiaries -

        beneficiaries' percentages does not equal 100%.  Tried to remove this list however error still

        shows.  Or just ignore?

 

 

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