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?
You'll need to sign in or create an account to connect with an expert.
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).
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
rhalexda
Level 2
jyee315
Returning Member
dolphin83
New Member
flyingcapybara
New Member
sunshineInTheRain
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.