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Trust Distribution from Inherited IRA - Must Taxes be withheld?
Today I am taking a Distribution from the Trust’s Inherited IRA. Next year I will be filing Form 1041 and issuing K-1’s to the beneficiaries who receive the distributions. If I don’t withhold any income tax for estimated tax payments will either the beneficiaries or the Trust be liable for any tax or penalties?
December 6, 2024
8:06 AM