I received a 1099R for my deceased husband with code 4D in box 7. Do I have to include the taxable amount on my 1040 since it was paid to his Family Trust not to me?

mcsparer · ‎June 3, 2019

He died in September 2018; the Family Trust was established in October 2018 and all assets from his Revocable Trust as well as this 1099R distribution from Genworth Life and Annuity were moved directly to the Family Trust. Does this qualify as a 'rollover' so I don't have to pay tax on it now but rather when I receive monthly distributions from the Family Trust in the future?

IreneS · ‎June 3, 2019

No - You don't have to include this on your 1040 if it was paid to the Family Trust. The Trust should include it in their tax return (Form 1041).

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mcsparer · ‎June 3, 2019

Thanks!

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I received a 1099R for my deceased husband with code 4D in box 7. Do I have to include the taxable amount on my 1040 since it was paid to his Family Trust not to me?