Question
DO you have to file a 1041 if the only income was the home sale at a loss?
I have 2 customers that have their decedents trust to finalize.
1099-S for home sale on one has no income on the Proceeds box.
Other was not issued, just escrow papers.
No other income.
Is there a reason to file the 1041 in these circumstances? loss not allowed for the beneficiaries.
thank you
