Where do I enter my 1099-R on my 1041 estate trust return?

[masu]

Is there an update for this dead link that answers the question I need answered?  

[masu]

Is there an update for this dead link that answers the question I need answered? 

[masu]

Thanks for the reply.  My question was how to allocate a tax overpayment to the beneficiaries.  The 1099-R had Federal and state taxes withheld.  All of the income was distributed to the beneficiaries.  I think I just found how to allocate the withheld taxes to the beneficiaries, in Forms mode on the Tax Payments Worksheet, Part II Other Tax Payments, line 1c: amount to allocate to the beneficiaries.  But I don't think the Step-by-Step mode asked this question. 

I believe you are correct, this would be Schedule G, Part II, line 14.  But that causes the withholding to be allocated to the Trust.  As soon as I use the worksheet to allocate the withholding to the beneficiaries, then this line 14 becomes zero, and the beneficiaries' K-1s are updated.   This is what I want.     

[s-keeley]

This solves the problem. Stupid of TurboTax not to include 1099-R form availability.  Perhaps the IRS should kick them in the butt! 

[ajaxthedog89]

SSA-1099 is not included either.  Pretty lame as I had to buy the "Business" version of turbo tax to file for an estate and only now does it's shortcomings become visible.  My Home and Business version has this capability and should include the 1041 form.  Just please make one or the other work properly because they don't!

[DaveF1006]

Yes, you would go to other income or Loss  section in your Trust account and enter the taxable portions of your 1099R. For the 1099R, you will enter "1099-R Box 2a" as the description and taxable.amount. 

As far as the 1099 SSA, this is reported on the individual tax return unless it is issued in the name of the trust.

[maiter55r]

I have read thru the issues/responses with 1099-R data entries for annuity payments to an Estate account, however my issue is that I have several 1099-Rs with data in Boxes 1, 2a, 4, 5 , 7 (4,D), 12, 13 and 14.  

Where do I even start?

[maiter55r]

Did a quick comparison between TT Deluxe and TT Bus using the "Box 2a" workaround, the AGI were almost identical, off by a few $100s.  1099 boxes then are mostly informational: box 5 (explains delta between box 1 and box 2a), box 7 (??) and boxes 12 and 14 (States), But this raises some different questions with issues I am having with TT Business sans 1099 support:

1) how is box 4 Fed tax withheld (Sched G) derived since not entered anywhere?

2) IF you purchase TT Bus for States, will all data be ported (AGI, etc.) or is another workaround required?

3) same as #1 above, will States also derive the Fed tax withheld (1099-R box 7)?

Unrelated but important, how would  enter "Deductions: General and Admin Expenses" in this case from a Liquidating Trust?

[maiter55r]

I am unable to update the withholding tax manually in the form version, Sched G, Part 11, line 14

I had completed review and saved a copy to .pdf, should that matter?

[estatefiler1]

I see where to enter this in under 'Other Income', but it doesn't allow me on the 1041 form (for my father's estate) to enter in the federal taxes paid (Box 4).  It only allows for the Gross Distribution to be inputted.  Where do I put in the taxes we paid?  In another area?  If you say under estimated taxes paid, it asks for dates and how was it paid.  I don't have that information because the tax was taken out at the time of distribution.

[Luppoe]

When is Intuit going to add the 1099-R into the Business program for Trusts? I have at least 5 years to go before the last income is completed and for the price we pay for the program it should not take us over an hour of searching to find an answer in a BLOG which may or may not be correct on where to enter the information.