maglib
Level 11

k-1 when principal only distributions

Why is a k-1 produced if a Trust paid principal only, NO DNI? The Trust is a complex trust  which the Trustee has flexibility with no required payouts.  The Trust plans on paying all the taxes with multiple beneficiaries  of differing amounts. Some withdrew most of their money.  

Level2  distributions show no where on the K-1's so why even reported?

Thank you.

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