Estate Income Tax (1041) Schedule K-1 Forms

[slschilling]

I am the executor of an Estate and will need to file a Form 1041 for 2022.   The estate will have a small income of about $3000 after deductions.   Am I required to file Schedule K-1 for the beneficiaries if assets from the estate are distributed in 2022?   Nothing has been distributed yet, and I am wondering if there would be any benefit in delaying distributions until next year.  I would prefer having the Estate pay the taxes due rather than the beneficiaries.

[slschilling]

Thanks.   There is no will.   If the estate does make a distribution this year, am I required to issue K-1s to the beneficiaries, or do I have the option of having the estate pay the taxes?   Most, if not all of the beneficiaries will be in the 22% Tax bracket, so it would be cheaper and easier for the estate to pay.

[Critter-3]

The 1041 reports the INCOME  not the corpus being distributed.  So if none of the income is passed thru to the beneficiaries then there will be no need to issue K-1 forms.