the trust received an award 1099-INT (13K) in 2024, but was not distributed to the beneficiaries....it is in the trust bank acct which has generated no interest...do I still need to file a K-1 with the fed and state with no distributions
01405
1 Replies
LindaS5247
Expert Alumni
Apr 6, 2025 10:29:10 AM
You do not have to report a K-1 with no distributions reported on it.
Click here for What is a Schedule K-1 Form 1041: Estates and Trusts?