As successor trustee, file 1041 before or after distribution
I am successor trustee of my parents trust. We sold their house which was only thing in the trust. I’ve deposited that into trust bank account. Their cash was left to me payable on death. Can I deposit this cash into trust account and then distribute evenly between myself and 4 siblings? Do I file 1041 before or after distribution. And what are my tax implications personally?
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