MarilynG1
Expert Alumni

Business & farm

Depending on the Codes in Box 7 of the 1099-R, you may be reporting a Rollover with Taxes Withheld of your transferred IRA's.   Is the 1099-R in your name or the trust's name?

 

Either way it is taxable income, either to you on your tax return, or to the trust, which the trust would then pass on to the beneficiaries of the trust on a K-1 form that goes on the beneficiaries tax return. 

 

If the income belongs to the trust, it can be entered as Other Income and  any tax paid as Other Tax Payments

 

Here's more info on 1099-R Distributions in a Trust that may help you. 

 

 

 

 

 

 

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