Only trusts with gross income of $600 or more during a tax year must file a federal income tax return.
Correct Answer:
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Q1: An estate is entitled to the standard
Q2: A simple trust must distribute all of
Q4: A trust agreement may provide explicit instructions
Q5: Income distributed to beneficiaries by an estate
Q6: All estates must file an estate income
Q7: A decedent is allowed a full personal
Q8: Income in respect of the decedent can
Q9: For a normal tax year (not a
Q10: A joint income tax return which includes
Q11: The executor of an estate can decide
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