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Level 2
posted Mar 2, 2023 1:20:49 PM

Where do I enter the federal tax withheld on an inherited IRA distribution?

I am a trustee for a special needs trust.

I found a workaround (not a Step by Step option) to enter the 1099 Inherited IRA Minimum Required Distribution amount on line 8 on form 1041.

Now where do I enter the amount of federal tax withheld on that distribution and/or any quarterly taxes already paid?

 

The TT Business package is supposed to handle trusts but does a very sloppy job. Many straightforward options are missing in the Step by Step tool including typical situations for Trusts with inherited IRAs or Investments.

The Business package should allow downloading 1099-INT, 1099-Div and 1099-R, especially the gain and loss details for investment accounts. We pay a lot more for this package but get less functionality than in the more basic packages.

 

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1 Best answer
Level 15
Mar 2, 2023 1:33:37 PM

Schedule G on your 1041 (Line 14).

 

5 Replies
Level 15
Mar 2, 2023 1:33:37 PM

Schedule G on your 1041 (Line 14).

 

Level 2
Mar 9, 2023 8:13:18 AM

Thank you.

I did find the Step by Step tab per your screen shot.

Schedule G never showed up on my list of forms, even after entering the withholding per your recommendation. The data was correctly referenced on my 1041.

 

 

Level 15
Mar 9, 2023 8:22:51 AM


@Greenthumbs62 wrote:

Schedule G never showed up on my list of forms, even after entering the withholding per your recommendation. 


You are welcome, but note that Schedule G is actually part of your 1041. You can see it if you open your 1041 and scroll down in Forms Mode.

Level 2
Mar 4, 2025 12:16:18 PM

I need to enter the federal tax withheld for a 1099-R for an inherited IRA MRD - to a special needs trust.

There is no schedule G showing up in the 2024 business version.

Expert Alumni
Mar 4, 2025 1:59:00 PM

Schedule G in on page 2 of Form 1041: