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Reporting Trust Distributions

I am the executor of a non-grantor complex irrevocable trust created on the date of death. The only distributions made in 2024 were inherited property and cash from the will. There were no distributions of income. The income generated by the trust in 2024 was 26,809. Distributable Net Income was 25,174. If none of the income was actually distributed in the current tax year, Am I still required to file K-1s or can the income be distributed in 2025 and reported then?

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Reporting Trust Distributions

Income reported on the 1041 includes rental, retirement and investment income. If I do need to report any of the non-taxable distributions how would i report it in TT?

Also can you confirm that inherited cash and like-kind disbursements of property would not be considered taxable since they never generated income? 

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