Hi,
I am a trustee of a trust. The grantor of the trust passed away in June 2019. The trust was distributed sometime in March of 2020 to 3 people. I am trying to file the taxes for January 2020 to the time of distribution using Turbo Tax Business (I assume that is the only turbo tax software to use for a 1041).
Does the trust have beneficiaries? I am thinking it does not because the "Beneficiaries" did not get a distribution until Mid March and I am trying to pay taxes with estate money (not beneficiary money) for the time stated above. I hope this make sense. Also, what is the story with K1s?
Thank you very much. This is much harder than I thought it would be.
