@Anonymous_ So let’s say I sold a home in the main Trust and there was no gain on the sale and I moved some of the money from the sale to one of the Beneficiary’s Sub Trust’s bank accounts having a different EIN. 2 years from now I decide to distribute the money to the said beneficiary and issue a K-1. Would it be correct to assume that there would be no reporting on the main Trust 1041 for any of these years since the sale but the sale would be explained on the 1041 K-1 issued by the Sub Trust 2 years after the sale?
