Re: 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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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?
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.
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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