I am the executor of a non-grantor complex irrevocable trust created on the date of death. The only distributions made in 2024 were inherited property and cash from the will. There were no distributions of income. The income generated by the trust in 2024 was 26,809. Distributable Net Income was 25,174. If none of the income was actually distributed in the current tax year, Am I still required to file K-1s or can the income be distributed in 2025 and reported then?
