Hi,
I have a similar situation. I am the trustee of my mother's living trust. She died in Dec. 2020. Her funds were invested and did earn income in the form of dividends in 2021, so I have to file. My problem is I'm not clear if this is a simple or complex trust. I'm thinking complex. While there were no distributions from the trust in 2021, technically the trust is split three ways with 2 shares that can be distributed and 1 that is held for a minor with stipulations as to how and when they receive their portion.
I'm not sure how to describe this on the 1041. Even though there were no distributions do the beneficiaries that could have received funds have to have a K-1?
