Thank you both for the help. The executor had the stocks and IRA cashed out and everything was deposited a trust account (using the tax ID of the trust). The 2022 tax filed was a 1040-SR and taxes were paid on the capital gains and all other income including pensions and retirement funds. A 1041 wasn't filed since the funds were still held in the trust savings account until May 2023.
The home was sold in February and had been mom's sole residence since 1987. Those funds were then placed into the trust savings account. In May, 2023 the account was dissolved and the funds dispersed 6 ways. The savings interest for 2023 was near zero and there were no income into the estate.
Since the taxes were paid in 2022 on the 1040 and there were no additional income in 2023 to the estate, is a 1041 and K1s required or is everything already completed?
Thank you so much for tour help!
