LO.1, 4 The Strauss Trust must file a Form 1041 for the first time, because it has

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LO.1, 4 The Strauss Trust must file a Form 1041 for the first time, because it has recognized about $18,000 of gross income. Corpus assets are transferred to the trust on August 30.

Considering only the Federal income tax effects of the creation of Strauss:

a. What tax year should the trust select?

b. Where should the completed Form 1041 be sent?

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South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts

ISBN: 9781133495574

36th Edition

Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney

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