IRD entry in 2022 Home and Business.

[KLnEH]

Where and how do I enter my IRD in Turbotax 2022 home and business.  It is not where it was last year.

[JohnW152]

To enter any expenses related to income in respect of a decedent in TurboTax Home and Business:

1. Select the Personal tab at top
2. Select Deductions & Credits
3. Select I'll choose what I work on
4. Scroll down to Other Deductions and Credits
5. Select Start to the right of Other Deductible Expenses
6. Answer No on the Did you pay any generation-skipping taxes in 2022? screen
7. Answer No on the Did you have any of these less common expenses? screen
8. Answer Yes on the Did you have any of these other expenses? screen
9. Enter your amount in the Estate tax deduction not reported on an estate K-1 field on the Tell us about your other expenses screen, then select Continue

If this isn't what you're asking about, please post back.

[Edited 3/23/2023 | 9:48 am PST]

@KLnEH 

[Anonymous_ · Accepted solution]

---

@KLnEH wrote:

Where and how do I enter my IRD in Turbotax 2022 home and business.  It is not where it was last year.

---

You would generally report IRD as Other taxable income (see screenshots).

[KLnEH]

An IRD is not income, it is a credit to the Beneficiary RMD that I have taken and entered as a 1099R based on the estate taxes that were already paid.  When I put it into expenses as recommended on the first reply it does not perform the correction as it has in the last 10 years I have entered it in Turbotax premium. 

Any ideas?

Thanks 

[Anonymous_]

---

@KLnEH wrote:

An IRD is not income......

---

IRD is most definitely income. What you are referring to is the estate tax that the estate paid on the IRD and that is a deduction for you based on your share of the estate tax paid.

Below are the screens leading to, and including the last screen where you would enter your share of the estate tax paid.

Note: If you have to include income in respect of a decedent in your gross income and an estate tax return (Form 706) was filed for the decedent, you may be able to claim a deduction for the estate tax paid on that income.