My mother recently passed and I am executor of her estate. She has a trust and a 401k outside the trust. The 401k names the trust as beneficiary. Who pays the taxes on the 401k distribution?...the trust or the ultimate beneficiaries of the trust? Do I file a 1041 and pass the income through to the beneficiaries or can I have the trust pay the tax on the 401k? the death is in 2023...can I file immediately? anything else I need to know re: taxes on either the trust or the 401k distribution?
