I now have to file an amended simple final 1041 in 3025 after the first final 1041 was filed for 2021. $5000 of interest income was reported for unclaimed property found and there was 3500 of legal expense. Net income is 1500 if I don’t charge administrative time for being fiduciary and finalizing the situation. Can the trust then just pay the 150 of taxes at the 10% rate and not do any else such as distribute back to myself and sister the 1350 as beneficiaries or have the estate pay the additional tax?
