Complex Trust tax return... where do I enter the 1099-R information on form 1041

[DaveF1006]

This can be tricky because there is no place in the Trust return to enter a 1099 R.  You just have to improvise.  Here is how you will enter the taxable portion of your 1099 R.

1) Go to federal taxes>income>other income or loss>start

2) When it asks you if you have any other income say "yes" in fact if you select explain this, it mentions  ordinary income portion of a Form 1099-R distribution.

3) the next screen you will enter a description and the taxable amount of the 1099R income

[carbrigbuch]

Thank you!

I do not have to enter the Gross Distribution, just the Taxable amount?  Also, it asks if the trust actually distributed this amount.  It actually distributed the amount in the Gross Distribution minus the taxes withheld.  Do I have to enter anything for Required Dist ( Tier 1) or Other Amount (Tier).

Gross Distrib 150000.00

Taxable Amt    23328.00

Taxes W/H        5832.00

Distribution code 4D

[DaveF1006]

That is correct !!

[Anonymous_]

You can also refer to the thread below for data input from your 1099-R.

https://ttlc.intuit.com/community/business-taxes/discussion/where-do-i-enter-my-1099-r-on-my-1041-es...

What you enter for Tier 1 and Tier 2 is dependent upon the terms of the trust. If you are required to distribute all income currently, then input the gross amount (which should be the DNI) as Tier 1.

If you, as trustee, are not required to distribute all income currently (but have discretion to do so), then you can enter whatever amount you distribute as Tier 2 ("amounts actually paid or credited....").