topic Deceased Parent Estate receiving 1099-R in Get your taxes done using TurboTax

Deceased Parent Estate receiving 1099-R

stephanieannyoung0168 — Mon, 27 Jan 2025 17:27:20 GMT

Hi, I am not sure what to do. My father passed in 2023. I filed a return (which I thought was final) through TurboTax as the Executor in 2024. I have now received 3 1099-R forms for the Estate. Do I have to claim these distributions as income? Is inheritance income as a beneficiary. I am confused as to what I need to file and if I am going to owe taxes on this or not. Or do I just file a 1041 for my father?

Re: Deceased Parent Estate receiving 1099-R

RobertB4444 — Mon, 27 Jan 2025 17:37:54 GMT

1099-R forms represent money paid out of a retirement account. That is money that was not taxed while your father was alive and you do need to pay taxes on it now that he has passed.

You've got a couple of options for how to handle this. The easiest is - IF YOU ARE THE ONLY BENEFICIARY - to just put these 1099-Rs on your personal return. When you enter them into TurboTax you will have to indicate that they were paid to a different EIN than your social security number. But they will just be taxed as income to you since that is what they are.

If you are not the sole beneficiary then you should file a form 1041 for the estate showing all of the income that way. Then the estate can pay the taxes due or you can transfer the money through K1s to your and the other beneficiaries tax returns.

@stephanieannyoung0168

Re: Deceased Parent Estate receiving 1099-R

stephanieannyoung0168 — Mon, 27 Jan 2025 17:51:30 GMT

Thank you so, so much! What a bummer, IRS wants every penny don't they. I was told by Fidelity that he would not be taxed on this distribution, so strange they would tell me such. Oh well. And, unlucky I am not the only beneficiary, but then again, I am glad I am not taking the full hit. So I will file a 1041 and pay the taxes owed through the estate, which is insolvent, but guess I'll be forking up the owed amount. (blah!) 😉

Re: Deceased Parent Estate receiving 1099-R

RobertB4444 — Mon, 27 Jan 2025 18:06:18 GMT

There may be taxes withheld on the 1099-R to cover the amount due. Make sure to enter all of the information when youdo the return.

@stephanieannyoung0168

Re: Deceased Parent Estate receiving 1099-R

stephanieannyoung0168 — Mon, 27 Jan 2025 18:13:31 GMT

You are right. there is fed/state on the big one that is $48K. The other two small ones at $127 and $475 do not, but I am happy for anything taken out, looks like they withheld 10%, which I will take and lessen the blow. Thank you again so much Robert!

Re: Deceased Parent Estate receiving 1099-R

Micahlisa — Fri, 07 Feb 2025 00:47:17 GMT

What if it was taxed before being distributed?

Re: Deceased Parent Estate receiving 1099-R

DaveF1006 — Sat, 08 Feb 2025 15:03:00 GMT

If it was taxed before being distributed, the tax will appear on Box 4 of the 1099 R form and will be credited as tax paid when it is reported.

@Micahlisa

Re: Deceased Parent Estate receiving 1099-R

mrcptnrn — Wed, 26 Mar 2025 20:59:35 GMT

How do I add 1099-R in TurboTax with a different EIN as you suggest?

How do I indicate that they were paid to a different EIA in TurboTax?

"The easiest is - IF YOU ARE THE ONLY BENEFICIARY - to just put these 1099-Rs on your personal return. When you enter them into TurboTax you will have to indicate that they were paid to a different EIN than your social security number.

Re: Deceased Parent Estate receiving 1099-R

RobertB4444 — Thu, 27 Mar 2025 18:20:20 GMT

The best way to handle this is to print the tax return out and mail it in with a copy of the 1099s attached and "received as nominee" written on them.

@mrcptnrn

Re: Deceased Parent Estate receiving 1099-R

BLFields75 — Fri, 13 Feb 2026 19:19:42 GMT

This is the situation that I asked about yesterday, and was told here that the withheld federal and state taxes cannot be credited towards the beneficiary's taxes; the withholding would have to be refunded to the estate, and then the estate would distribute those amounts to the beneficiary who would pay them with her tax return. I've been trying to find out here whether she needs to include the 1099-R to the estate, but assume there's no need since the K-1 shows the distributed amount. Is this not correct?

Re: Deceased Parent Estate receiving 1099-R

Mike9241 — Fri, 13 Feb 2026 19:22:49 GMT

The1099-R in the name of the descendant or estate is included on the K-1 which goes on the beneficiaries' 1040. There is no additional reporting for this.

Re: Deceased Parent Estate receiving 1099-R

BLFields75 — Fri, 13 Feb 2026 19:36:25 GMT

Thanks so much!