Splitting 1099-R between 1040 and 1041

Forum|Forum|1 year ago
February 3, 2025
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Preparing final returns for a deceased relative who died on March 31, 2024. Her bank account received direct deposit of her final Pension payment on April 1, 2024.

The 1099-R received under her SSN includes the April 1 payment, which I believe belongs on the Estate 1041.

Unlike Interest and dividend income, TurboTax does not present the ability to create a Nominee deduction for a 1099-R entry.

How do I enter this on the deceased 1040 return, and then where do I enter it on the Estate 1041?

RobertB4444

You will have to manually create a 1099-R in each return that represents the amount that would have been on separate 1099-Rs if received. The two new 1099s should equal the one that you have.

@Bmck345

[Edited 04/08/25 02:33 PM PST]

@Bmck345

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Bmck345Author

Thank you. I appreciate your response.

My intent is to find a way to enter the payment accurately without creating IRS confusion or notice that they cannot match it with the 1099-R they received.

I was hoping for a solution very similar to how 1099-INT and 1099-Div are handled. Entering the full amount of the 1099 on the 1040, and then creating a Nominee Distribution for the portion allocated to the 1041, followed by issuing a 1099-R to the Estate for that portion. I have searched this Community site, IRS instructions for 1040 & 1041, and IRS Publication 559 as well as general searches, but no one addresses the 1099-R issue.