DaveF1006
Expert Alumni

Retirement tax questions

Because the the name was issued in the name of the trust, you would need to file a 1041 trust return. From the trust return, K-1's will be issued to you and your sister to report in your own individual tax returns.

 

You would need to purchase Business software to file a Form 1041 as this is unavailable for personal returns. Turbo Tax Business has an online platform but it is a bit pricey. You can explore this option here. Turbo Tax also offers a download software to be installed on your computer. You can view that here

 

Attaching a copy of a 1099R with your personal tax return will not solve your issue. It may take the IRS time to respond back to you but they will inform you that a 1041 form needs to be filed. 

 

 

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