joyconnell
Level 1
12-07-2019
09:33 AM
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Final 1040 filed in 2017, but trust is still open. Can the income be reported in the trust's1041?
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sjrcpa
Level 15
George4Tacks
Level 15
12-07-2019
09:33 AM
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You might find https://www.taxcpe.com/blogs/news/cancellation-of-debt-of-a-decedent of interest. Yes. report as other income on 1041.
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