Form 1040 Schedule B line 8, I ticked "beneficiary of more than 50% of a foreign trust", why does TT mark me as a guarantor, tranferor, or receiving a distribution?
What to do with a beneficiary IRA ? The form I received was "2023 IRA Fair Market Value and 2024 Required Minimum Distribution Statement, but no distribution was taken.
Estate is beneficiary of a IRA. Three family members beneficiary of Estate. How do we take care of the taxes on the distribution?