For the first five months of its existence (August through December 2022), the Estate of Amy Ennis had gross income (net of expenses) of \($7,000\) per month. For January through July 2023, the executor estimates that the estate will have gross income (net of expenses) totaling \($5,000.\) The estate’s sole beneficiary is Amy’s uncle, Joe, an unmarried, calendar year taxpayer. Joe incurred a large NOL from his sole proprietorship years ago, and \($34,000\) of the pre-2018 NOL carryover remains but expires at the end of 2022. During 2022, Joe’s only income was \($10,000\) from part-time employment. What tax issues should the executor of Amy’s estate consider with respect to distributions of the estate’s income?