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A trust I'm a beneficiary of generated a 1041-T giving me credit for overpayment of trust taxes. Where do I enter this credit in TurboTax for my personal income taxes?

 
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Level 15

A trust I'm a beneficiary of generated a 1041-T giving me credit for overpayment of trust taxes. Where do I enter this credit in TurboTax for my personal income taxes?

The amount of the credit should appear on your K-1 (Line 13(A)) and you treat that amount as estimated tax that you paid.

 

Enter the amount in the Estimates and Other Taxes Paid section of the program.

 

 

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Level 15

A trust I'm a beneficiary of generated a 1041-T giving me credit for overpayment of trust taxes. Where do I enter this credit in TurboTax for my personal income taxes?

The amount of the credit should appear on your K-1 (Line 13(A)) and you treat that amount as estimated tax that you paid.

 

Enter the amount in the Estimates and Other Taxes Paid section of the program.

 

 

View solution in original post