Trust Sch K-1

[Randall]

Trust to distribute specific bequests of $1000 each to 24 grandchildren and great grandchildren.  Remaining assets to 6 children.  My reading shows these specific bequests will have no tax consequences.  I couldn't find any specific mention of K-1s but it seems there is no requirement of a Schedule K-1 for these 24.  Only 6 K-1s to the 6 children.  Does anyone know of a requirement for K-1s other than to the 6 children?

 

 

[jasdlm]

Is there DNI?

[michaelmars]

is this a trust or an estate?

 

[Randall]

It is a trust, going from revocable to irrevocable at date of death.  There may be some DNI but my reading says these specific bequests will not count toward DNI.