@joejoe1592
1. It isn't saying that the distributions to shareholders are income (they're not). It's saying that the income that the estate has is required to be either distributed to the beneficiaries or taxed to the estate. As long as that $60,430 is what the estate made then everything is correct.
2. If you attach an explanation to the return you are required to print it out and mail the return. How much longer do you plan to keep the estate open? If you plan on shutting it down soon then you can forgo the explanation.
3. Yes, the estate needs to issue you a 1099-NEC if it paid you more than $600. You can create 1099s using TurboTax here.
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