Question: 16. 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
16. 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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