Simple Trust Question

[trust812]

If the only income a Trust had in 2024 was $105,000 from an Inherited IRA, which it distributed via K-1’s to the beneficiaries, and  it also had less than $600 in income from interest and dividends, which it didn’t distribute, is it still considered a Simple Trust? I think it is 😀

[M-MTax]

Yes, it is if, and only if, the trust is required to distribute all income currently.