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mcmail3
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TT H&B. Estate files 1041-T to credit tax to beneficiary (me). TT does not ever ask for that number , so there is no credit. How to put it in?

 
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3 Replies

TT H&B. Estate files 1041-T to credit tax to beneficiary (me). TT does not ever ask for that number , so there is no credit. How to put it in?

"How to put it in?"

You, as a beneficiary, do not enter any amount from Form 1041-T on your income tax return.

Rather, the fiduciary should send you a Schedule K-1 (1041) with the amount you need to enter on your personal income tax return, which amount will appear on Line 13 with an "A" code of the K-1.

mcmail3
New Member

TT H&B. Estate files 1041-T to credit tax to beneficiary (me). TT does not ever ask for that number , so there is no credit. How to put it in?

Fiduciary used TT Business for estates and it prepared the 1041 T but did not put an A code nor tax paid amount on Line 13 of the K1. There is a hole in the bucket.

TT H&B. Estate files 1041-T to credit tax to beneficiary (me). TT does not ever ask for that number , so there is no credit. How to put it in?

I have prepared a 1041-T on quite a few test returns and the amounts flowed through to Line 13 (A) on the K-1(s).
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