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Where do I enter a 1099 R on the form 1041

I am filing form 1041 using TurboTax Business.  The Estate received a 1099-R which is reported under the Estate EIN number.  Where on the form 1041 do I enter the amount shown in gross distribution amount sown on the 1099-R in box 1.  All boxes are Zero.  Distribution code is 4G.  Thanks!

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3 Replies
PatriciaV
Expert Alumni

Where do I enter a 1099 R on the form 1041

In TurboTax Business, Form 1099-R for an estate is entered under Other Income from the Income tab. The description would be "Form 1099-R Code 4G."

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Where do I enter a 1099 R on the form 1041

Thanks.  Follow on question-where do I show the income received on the 1099R being rolled in to an Inherited IRA? Distribution to beneficiary which is the deceased?

Thank you!

RobertB4444
Expert Alumni

Where do I enter a 1099 R on the form 1041

The distribution to the deceased should be entered on a final tax return that covers the portion of the year that they were alive.  The rollover 1099-R should either be entered on that same tax return or on the estate tax return depending on who it is issued to.

 

@rlakersk 

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