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Level 1

1099R for deceased invid made payable to estate, file a 1041? if funds been distributed does tax pass onto beneficies using a K1? types of deductions can go on 1041?

 
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Level 20

1099R for deceased invid made payable to estate, file a 1041? if funds been distributed does tax pass onto beneficies using a K1? types of deductions can go on 1041?

Ordinary tax withholding shown in box 4 of the Form 1099-R issued to the estate cannot be passed through on a Schedule K-1.  If the estate has a refund due as a result of filing the Form 1041, the estate will have to received the refund and then distribute the refund to the estate beneficiaries during the following estate income-tax year.

(Because of this, one should always request that there be no tax withholding on payments made to an estate.)