InstantForum.NET v4.1.4California Society of CPAshttp://forums.calcpa.org/forums@calcpa.orgWed, 16 May 2012 17:54:49 GMT20http://forums.calcpa.org/Topic528-2-1.aspxThe 1041-A is now required of all CRTs effective 2007. There was an exception to this for CRT that were required to distribute all income currently, but this was repealed in 2006. A CRT must now file both 1041-A and the 5227 period.<br><br>Your comment about the 100% tax is interesting but apparently not as bad as it appears. Prior to the 100% tax on UBI if a CRT had any UBI it was determined to be a non exempt complex trust in a year UBI was received. If it was a year in which a substantially appreciated asset was sold it would be taxed on the whole amount income generated that year. This could a whole lot more than the UBI.Thu, 31 Jan 2008 09:01:10 GMTJohn R. Woodford