This is my first attempt at a 1041. I have always had a day job as a controller or business manager and have been doing just 1040s out of my house on the side for over 20 years. A client lost his father in 2015. He brought me a $22k 2018 1099-R for the revocable living trust. It was marked total distribution, a 4 in box 7 and IRA/SEP/SIMPLE is checked. He said that the $22k wasn't distributed and is still in the trust checking account. He has two other siblings that are beneficiaries. I believe this is the only activity for the trust and a tax return has never been filed. Do I simply prepare the 1041 w/ $22k on line 8 and then $22k on Schedule B line 9 even though it has not been distributed? Then I assume I will need to issue 2018 K1s and put 1/3 of the $22k on each K1 line 5; Other portfolio and non-business income? Being this is the only 1041 I am doing and there are only three K1s, I intend to just use the IRS pdf forms and not bother w/ software. Any other advice on the preparation of this 1041 would be appreciated. TIA.
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