An investment account year-end statement shows $613 in dividends, $1200 in interest, but a -$28,000 (realized short-term loss) of principal. What, then is considered the GROSS income? If this is the only financial activity for a trust, does a return need to be filed given the $600 threshold and large losses? I haven't received a 1099-B yet, but am curious about whether the $1,813 is considered the gross income, requiring filing.
Thanks!
Billie