Thank you for the information. I have completed the 1041 work for tax year 2022.
I have not filed the return yet as I'm confused that Turbotax shows taxes due with interest penalties for not making estimated payments.
There is income from capital gains related to the sale of securities in my father's personal investment account. There is also income listed for taking a RMD for an inherited IRA account, which also was the more significant source. We are liquidating the IRA account over 3 years.
I had advised my siblings to make an estimated tax payment last fall when I distrubuted the cash resulting from both of these events. I know that I did make such an estimated payment thinking all taxes would be paid through our personal 1040 filings.
So how do I proceed? Can I file the 1041 without making a tax payment? Did I miss a response in TurboTax that would have passed these obligations through to the beneficiaries on the K-1 and not show an obligation for the trust?
