My father-in-law passed away in 2019 and he left part of his IRA to a his wife and part to my wife in a conduit trust. The purpose of the trust was to be able to stretch contributions over my wife's life. I am struggling to understand which tax forms and how to file for this trust. All income inside the IRA is not taxable only the distributions and then they should be taxable to my wife. The 1099R lists the Trust's EIN as the Recipient. The K1 generated for my wife has $0 distribution even though there was a distribution. Is the distribution from the IRA the Trust income which was then distributed? Do I need to file a form 5305?
