topic Is an income distribution deduction required on a final 1041 or can the estate pay the entire tax owed?. in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/is-an-income-distribution-deduction-required-on-a-final-1041-or-can-the-estate-pay-the-entire-tax/01/261545#M22296 <P>I am filing the final 1041 for the estate.&nbsp; All funds have been distributed in 2018. Can I choose to have the estate pay the tax rather than pass the liability on to the beneficiaries?</P> Sat, 01 Jun 2019 22:22:19 GMT dzimmer10 2019-06-01T22:22:19Z Is an income distribution deduction required on a final 1041 or can the estate pay the entire tax owed?. https://ttlc.intuit.com/community/retirement/discussion/is-an-income-distribution-deduction-required-on-a-final-1041-or-can-the-estate-pay-the-entire-tax/01/261545#M22296 <P>I am filing the final 1041 for the estate.&nbsp; All funds have been distributed in 2018. Can I choose to have the estate pay the tax rather than pass the liability on to the beneficiaries?</P> Sat, 01 Jun 2019 22:22:19 GMT https://ttlc.intuit.com/community/retirement/discussion/is-an-income-distribution-deduction-required-on-a-final-1041-or-can-the-estate-pay-the-entire-tax/01/261545#M22296 dzimmer10 2019-06-01T22:22:19Z " Can I choose to have the estate pay the tax rather than... https://ttlc.intuit.com/community/retirement/discussion/can-i-choose-to-have-the-estate-pay-the-tax-rather-than/01/261548#M22298 <P><STRONG><I>"</I> </STRONG><STRONG><I>Can I choose to have the estate pay the tax rather than pass the liability on to the beneficiaries?"</I> </STRONG></P><P>&nbsp;</P><P><SPAN>No, not if all funds were distributed in 2018 and your final 1041 for the estate covers that tax year.<STRONG><I><BR /></I></STRONG></SPAN></P><P>&nbsp;</P><P>The distribution you made in 2018 carries with it distributable net income (DNI) which would be taxable to the beneficiary(ies) who received the distribution.</P> Sun, 02 Jun 2019 01:25:51 GMT https://ttlc.intuit.com/community/retirement/discussion/can-i-choose-to-have-the-estate-pay-the-tax-rather-than/01/261548#M22298 tagteam 2019-06-02T01:25:51Z
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topic Is an income distribution deduction required on a final 1041 or can the estate pay the entire tax owed?. in Retirement tax questions
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https://ttlc.intuit.com/community/retirement/discussion/is-an-income-distribution-deduction-required-on-a-final-1041-or-can-the-estate-pay-the-entire-tax/01/261545#M22296
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<P>I am filing the final 1041 for the estate.&nbsp; All funds have been distributed in 2018. Can I choose to have the estate pay the tax rather than pass the liability on to the beneficiaries?</P>
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Is an income distribution deduction required on a final 1041 or can the estate pay the entire tax owed?.
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<P>I am filing the final 1041 for the estate.&nbsp; All funds have been distributed in 2018. Can I choose to have the estate pay the tax rather than pass the liability on to the beneficiaries?</P>
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" Can I choose to have the estate pay the tax rather than...
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<P><STRONG><I>"</I> </STRONG><STRONG><I>Can I choose to have the estate pay the tax rather than pass the liability on to the beneficiaries?"</I> </STRONG></P><P>&nbsp;</P><P><SPAN>No, not if all funds were distributed in 2018 and your final 1041 for the estate covers that tax year.<STRONG><I><BR /></I></STRONG></SPAN></P><P>&nbsp;</P><P>The distribution you made in 2018 carries with it distributable net income (DNI) which would be taxable to the beneficiary(ies) who received the distribution.</P>
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