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Simple Trust Accounting Income and DNI Question

February 10, 2017 • BC • Log In to Post Comments

I was told that to e-file as a Simple Trust, the accounting income on Form 1041 Sch B line 9 must equal DNI.  If the accounting income doesn't match DNI, then the return must be filed as a complex trust, even if the trust requires all the income to be distributed at least annually.  I checked my tax research materials which made it clear DNI and accounting income are not always the same, even on a simple trust, due to state fiduciary accounting rules.  Has anyone else come across this?


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