I have a trust that made a 645 election to file as an estate with a FYE of 7/31.  We want to close the IRA and distribute the cash to the beneficiaries before 7/31/24. The 1099-R will be issued for the calendar year ended 12/31/24. Can the IRA distribution be reported on the FYE 7/31/24 return or does it have to be reported on a subsequent return? I want to be sure that the reporting of the IRA liquidation and the distribution to the beneficiaries occurs in the same taxable period so that it is taxed to the beneficiaries.