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1041 trust return
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nancyb1209
Level 2
01-20-2022
07:56 AM
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Trust received income for 2020 but none was distributed. It's my understandig the Trust pays the taxes and distributions become part of the Trust principal. Is that correct? Also, Trust received K1 with loss in box 1 but distributions in box 19. Do I declare distributions only on 1041?
Thank you
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