A friend has the following question, and I thought there might be someone here with knowledge of tax law, estates, and trusts who might be able to help:
My father passed away in November 2016. Per the instructions in his will (I was the executor), I established a trust for my sister in 2018. I am the designated trustee, and the trust remains open with $6k. The trust earned $66 in interest income in 2018. Do I need to file a 1041 for the trust? The instructions seem to clearly indicate that I do not need to do so (income less than the $100 dollar exemption so no taxable income, less than $600 gross income and not a resident alien), but I have read that it is “good practice” to file the form anyway. Can anyone clarify what the benefit of filing it would be in the case where there is so little income and no other deductions?