I am a trustee for a special needs trust.
I found a workaround (not a Step by Step option) to enter the 1099 Inherited IRA Minimum Required Distribution amount on line 8 on form 1041.
Now where do I enter the amount of federal tax withheld on that distribution and/or any quarterly taxes already paid?
The TT Business package is supposed to handle trusts but does a very sloppy job. Many straightforward options are missing in the Step by Step tool including typical situations for Trusts with inherited IRAs or Investments.
The Business package should allow downloading 1099-INT, 1099-Div and 1099-R, especially the gain and loss details for investment accounts. We pay a lot more for this package but get less functionality than in the more basic packages.
