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posted Feb 23, 2025 1:06:36 PM

1099-r

Received a 1099-R for late brother's retirement account (which was in a living trust).  There was a distribution in box 1 but box 2 has $0.00 for the taxable amount.  On the Trust's tax return, Do I still record the amount in "Other Income" or do I record $0.00 since none of it is recorded as taxable. 

 

The funds were distributed to beneficiaries as a direct rollover to their own IRA.

 

Thank you

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1 Replies
Level 15
Feb 23, 2025 3:51:36 PM

$0.  Only taxable amounts are reportable on line 8 as Other income.