@NCperson wrote:
it may have beeen his wish, but it's not the way the IRS rules work (assuming the income is generated in the same year as the distributions occur). Talk to a tax accountant
I generally agree, particularly with the advice to consult with a tax professional.
However, if the trust pays any and all tax due, the property (primarily or totally cash in this case) is 100% corpus and, as a result, K-1s do not need to be issued solely for distributions of corpus.
