I am completing a 1041 for an Estate that received a 1099-R. I figured out where to enter the Gross Distributions but have the following questions:
(1) There was Federal Income Tax Withheld:
-I entered this under Other Tax Withholding and it shows up on 1041 30b Refunded
-I thought this gets passed as a credit to the Beneficiaries as a Credit on the K-1 - Is this correct or is this Refunded back to the Estate?
(2) For the "Distributions" do you put the actual Distribution amount which was "Distributions less the Tax Withheld amount" or is it the "Gross Distribution amount"? The reason I ask is that on the K-1, the tax withheld is shown as a credit, therefore I wonder if the Distribution amount listed should be the Gross Distribution amount.
Thanks!
