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Thumb of Michigan | Depends might be the answer. I'd suggest that you talk to CPA that is versed in trust tax returns.
Take a look at page 15 from the IRS.
https://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Depending upon the beneficiary's tax bracket, it may make more sense to not harvest (trust income), until beneficiary is the owner (beneficiary income), not that a trust couldn't pass through the income (someone would have to do 1099? to individual and if a CPA, I think they would be charging to do this), to said beneficiary.
IIRC a trust hits the 37% (max bracket) at $12,950 income for 2020, whereas a single person (beneficiary) doesn't hit that bracket (37%) until $518,400 and if beneficiary is married (filing jointly) until over $622,000. Hence, where the most 'efficient' place to pay the taxes, could be determined for the trust by a CPA.
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Estate Question
