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

Forum|Forum|3 years ago
March 2, 2023
1 reply
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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.

TurboTax Business Windows

Best answer by Anonymous_

Schedule G on your 1041 (Line 14).

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Anonymous_Answer

Employee

Schedule G on your 1041 (Line 14).

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Greenthumbs62Author

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.