My mom passed away years ago and I inherited land that was held in her trust. In 2020 I sold the land. The escrow issued a 1099-S and withheld 3.333% shown on form 593 - all using the trust's name and EIN number.
I am using the business software to prepare a trust return (1041 & CA 541). I'm reporting the capital gain on the property and passing the gain through to my personal return using the K-1. The trust itself will have no income, but will just be reporting the sale .
But I'm confused about the withholding on form 593? Do I just claim a refund of this amount on the 541? Or does this withholding somehow get passed through to me personally as some kind of credit on the K-1?
