jgdonn38
New Member

Retirement tax questions

I'm not sure the K-1 is for the distribution of the entire IRA balance to the beneficiaries. Wouldn't you report the distribution as an other deduction thus zeroing out the trust income? The 1099-R's would be prepared by the trust.

 

The 1099-R, which reports the inherited IRA distributions to the IRS, will be generated under the trust name and trust tax identification number.