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New Member
posted Feb 19, 2023 6:02:07 PM

I received a RMD from a Charitable Remainder Trust each year, where is the correct place to input that income?

Each year I take a 10% required distribution from the CRT. A separate tax return is filed for the CRT.

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1 Replies
Expert Alumni
Feb 19, 2023 6:26:32 PM

Payments from a charitable remainder trust are taxable to the non-charitable beneficiaries and must be reported to them on Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, and Credits.  The payments to a non-charitable beneficiary are taxed as distributions of the trust's income and gains.  If you did not receive a K-1 from the trust, you should contact the trust administrator to obtain one.