If there is $100,000 in a Trust checking account and I give one of the Beneficiaries a check for $50,000 in June 2025 and I take a $50,000 distribution from the Trust Inherited IRA in November 2025 can the K-1 issued to the Beneficiary for Tax Year 2025 show $50,000 as income from the Inherited IRA even though the $50,000 was distributed to the Beneficiary in June before taking the distribution from the IRA in November? I would think the answer is yes and that the sequence of dates doesn’t matter as long as both are done in Tax Year 2025. Thanks!
