Determine Fiduciary tax for Federal and Virginia State

[Tamster2]

How can I determine amount I would pay in fiduiary taxes for Federal and Virginia State. Received approx 180,000 the form says 15% and (approx don't have form in front of me) 47,000 Help please. Thanks in advance

[tagteam]

Is this related to your previous post?

Received a Bank Letter for BENEFICIARY IRA - Did n... (intuit.com)

[Tamster2]

No it is seperate.  The answer to that post made sense.

[tagteam]

In that case, can you clarify what you mean by "fiduciary taxes" and post the number or type of form you received? Does it involve the receipt of a 1099-R? 

Fiduciaries of an estate or trust typically file federal form 1041.

[Tamster2]

The form is a 1041  Line 5 is 47,560.00 / Line 12 has A & J with 21 and 29 / Line 14 has H -47,571

another 1041 form showing   Line 5 as 3,697  / Line 14 as H -2,553

Turbo Tax has calculated the taxes as federal being roughly 11,500 and state as 3,164

This seemed really high.... Is it?

Thank YOU!

[Tamster2]

Actually looks like fed is 8350 and state 3100