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1044-R Received for my parent's trust

My parents had a "Revocable Living Trust" (done in the 90s).  Dad passed away in 2011 and Mom passed away in 2018.  This year I was finally able to cash out an annuity associated with my Mom that was (unfortunately) not in the trust.  I received a 1044-R and need to file taxes on it ($10,000+).  Their trust has its own EIN number associated with it.  I am trying to figure out how to complete the taxes.  I don't want it going towards me since the money was sent directly to the trust.  I am the only successor trustee as well.  Who do I list in the "name" portion of the form?  I am planning on using the tax ID associated with the trust.  

 

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5 Replies
M-MTax
Level 15

1044-R Received for my parent's trust

A 1099-R? You need to enter that into your individual income tax return (1040) if it was not a trust asset (i.e., has your SSN).

SharonD007
Employee Tax Expert

1044-R Received for my parent's trust

Did you receive a 1099-R Form? Is your name on the 1099-R Form?  We would like to help you but need more information.

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M-MTax
Level 15

1044-R Received for my parent's trust


@SharonD007 wrote:

Did you receive a 1099-R Form? Is your name on the 1099-R Form?  We would like to help you but need more information.


@CStoneking said it wasn't in the trust:

 

"This year I was finally able to cash out an annuity associated with my Mom that was (unfortunately) not in the trust.  I received a 1044-R" [assuming of course this is a 1099-R]

1044-R Received for my parent's trust

The 1099-R form came in the name of the trust along with the trust’s EIN number. I put part of the trust name in the “first name” field and the 2nd part of the trust name in the “last name” field and I am getting errors when I am trying to finish.

M-MTax
Level 15

1044-R Received for my parent's trust

You previously stated that the annuity was not in the trust.

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