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Allocating tax withheld on an estate 1099R to each beneficiary
The deceased estate received a1099R for an IRA distribution. It show gross distribution on Line 1 and how much of Federal income tax withheld on Line 4. I, the executor, received the net distribution (gross distribution minus tax withheld) and distributed four equal checks to the beneficiaries. I figured out how to report the gross distributions in equal percentages to each beneficiary. However, I am having problems allocating the federal tax withheld on the Estate 1099R to show up on the individual K-1 schedules. How is that done?
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March 8, 2025
8:13 PM