How do I report Form 1099-R on a Trust Return using TurboTax Business?
Although there is no specific topic in TurboTax Business for entering a Form 1099-R Retirement Distribution on a Form 1041 Trust return, you can enter the information according to the boxes that are reported on the form.
Open TurboTax Business Desktop.
Select Federal Taxes.
Select the Income tab.
On the Your Income screen, locate Other income or loss and select Start.
On the screen Any other income? select Yes.
On the screen Other Income, enter 1099-R Box 2a in the Other Income section and enter the taxable amount from Box 2a in the Amount section.
Select Federal Taxes.
Select the Other tab.
On the screen Do Any Other Tax Situations Apply to the Estate? locate the Additional Tax Payments section and select Start next to Other Tax Withholdings.
Enter the amount from Box 4.
Note: You can only file a Trust Return in TurboTax Business Desktop. If you’re using TurboTax Online Business, read How do I switch from TurboTax Online to TurboTax Desktop?
