I guess that's right — if the trust/estate pays whatever tax is due on the interest income and there will be no tax refund, then you are not distributing taxabl...
Wait... This is why it's not a great idea to get tax advice from amateurs...You as fiduciary are an expensenot a beneficiary. There is no K-1 if there is no dis...
Okay, then thoughts in my first response stand. Seems like you need 2025 1041, K-1, and 1040 to account for the interest income (to trust EIN and and to fiducia...
Thinking a little more about OP presentation, I'm not clear whether the $3500 probate/legal and $1500 fiduciary expenses described areexpenses incurred in 2025—...
It sounds like you are seeking tax advice more than software advice, and that is way out of my pay grade.What occurs to me from the software side is that if you...
