What are the actions to be performed before checking qualifying distributions?
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The purpose of performing these actions is to ensure that the foundation complies with the rules. The action to be done is to

1. Reduce any undistributed income but not below zero.
2. Use any part of or all remaining qualifying distributions to satisfy elections. For example, if undistributed income remained for any year before 2018, it could be reduced to zero, or, if you wish, the distributions could be treated as distributions out of corpus.
3. If no elections are involved, apply remaining qualifying distributions to the distributable amount. If the remaining qualifying distributions are greater than the 2019 distributable amount, the excess is treated as a distribution out of corpus.