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

Forum|Forum|7 years ago
May 31, 2019
5 replies
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I am filing an irrevocable trust for my deceased mother using 1041. She has an annuity earning some income last year so she received a 1099r. I would like to know how to enter the 1099r information on the 1041 form because I don't know where on the estate turbo tax software. Please help.

TurboTax Business Windows

Best answer by Anonymous_

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Anonymous_Answer

Level 15

No text available

wbn

Level 2

This method doesn't update line 3 (annuities) on form 8960 for tax calculations purposes .. we need a proper 1099 R entry routine for turbotax estate/trust 1041

Anonymous_

Level 15

No text available

charlesclloyd

Level 2

@SuperUser - That didn't work for me per your screenshot; I had to enter $1 for Box 1, then I could see an amount in Form 1041 line 25e. Note: I created a new, empty 1099INT for this purpose, which is what I assumed you intended.

Or... I could piggyback my withholding onto an existing 1099INT (which is real) and specify a withholding amount where its currently $0. Is this what you intended? This seems dodgy, at best (is that even legal?).

I also have a real 1099DIV I could piggyback the withholding onto, again seems dodgy.

Many thanks for your help!

Anonymous_

Level 15

No text available

charlesclloyd

Level 2

Much better!  I was able to see my entry on line 25e/1041 without adding a dummy 1099INT nor modifying any of the fields of my actual 1099's.

Note for other readers: you may have actual 1099DIV or 1099INT which shows up under the "Int-Div Wks" label.  Ignore those for this tip and just use Part 1 of the "Interest and Dividend Income Worksheet"

BTW, the screenshots are worth > 1000 words!  I tried to attach one myself, but I guess regular users aren't permitted to attach things.  Too bad you cannot see the attachments on an iPhone nor iPad.  Works great on Safari (but you must be signed-in to this site in order to see the screen shots, which can be very confusing if you're just lurking).

toniknechtges

Level 2

I was totally lurking. Thanks for calling it out. Thanks for the question, the reiteration, the plea, the struggle, and the help after getting through all of those rings in this circus. It just might be your kind of zoo.

Matilda

Level 5

I have a 1099R for an NUA distribution of a 401K. Box 1 includes the total of all the stock (NUA), and the Cash non NUA part of the distribution (mutual funds cashed out). Box 2a includes only the Cash amount, box 6 includes only the NUA (stock) amount.

From reading these answers, I assume I only have to input the amount in box 2a and do not even need to report box 6. So the only data I enter is box 2a . Is this correct? It just does not feel correct to not report box 6.

Thank You.