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1041 Trust K-1's


Colfax Mingo

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Do you need to file K-1's if there are all zeros on form.

Last year (2010) is first year of trust with 2 beneficiaries.

$100 Interest Income

$9000 loss on sale of house on 4797, 140K Sale, 149K Basis

$2500 Deductions

No Distributable or Taxable Income

Will file final 1041 this year (2011) & distribute 9K loss to beneficiaries.

Thanks!

Always a lot to learn here

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