M-MTax
Level 12

Get your taxes done using TurboTax

From what you described the trust is complex. For it to be simple it would have to be required to distribute that interest income and dividends to the beneficiaries. "Distribute" means that the income is passed out to the beneficiaries on K-1s and they're taxed on the income.....it does not mean they get the money......just the tax liability.