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Final Year 1041 Trust return
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Com63
Level 1
03-03-2021
01:42 PM
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One of 10 trust beneficiaries wants to take their final distribution in 2021. Assuming I have to keep the trust open and file a 2021 return I believe I will deny all the other bene's their final year deductions which are substantial. Can I issue a K1 in a tax year where no 1041 is filed ?
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