1099-R Form Help?
Hi there,
Long story short, my father passed in 2022, and in 2023, I became trustee of his trust that was set up in 2018, when his mother (my grandmother died). My grandmother had a provision in her trust that if her children passed, that their children would be beneficiaries. To disburse the amount left in my father's trust, I had to become the trustee of his trust. After becoming trustee, I had Edward Jones disburse the remaining about equally between me and my two siblings.
I just received a 1099-R form (for the trust), with the full amount, and thus I would have to pay the whole tax amount. Is it as simple as asking Edward Jones to send corrected 1099-R forms to me and my siblings, reflecting each distribution, so I am not stuck with the entire tax bill?
