Yes, you can enter the information from Form 1099-R in a trust return using TurboTax Business as follows:
Box 1/Box 2a: Go to Federal Taxes >> Income >> Other income or loss. Enter "1099-R Box 2a" as the description and the taxable amount from Box 2a.
Box 4: Go to Federal Taxes >> Other >> Other Tax Withholdings. Enter the amount from Box 4.
Boxes 14 & 15: This is state information that should be entered on the particular state return. In most cases, there is a topic for state tax withholding.
The tax-exempt interest would be reported under Federal Taxes >> Income >> Interest Income, using the "Tax Exempt Interest" box. You are creating a "mock" 1099-INT to report this interest on the trust return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
