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I have an RMD from an inherited IRA that can be offset by an allocation of Estate Taxes that have been paid. Where do I input the Estate Tax allocation?

Forum|Forum|7 years ago
June 6, 2019
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TurboTax Self Employed Online

Best answer by dmertz

You are talking about a deduction for Income in Respect of a Decedent. Report this as a miscellaneous deduction not subject to the 2% limit under Deductions & Credits -> Other Deductions and Credits -> Other Deductible Expenses. Answer No to Generation Skipping taxes and Less Common Expenses (unless you have either of these for other reasons). On the Any Other Deductions page, answer Yes. Enter the amount in the Estate Tax Deduction box.

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dmertzAnswer

Employee

You are talking about a deduction for Income in Respect of a Decedent. Report this as a miscellaneous deduction not subject to the 2% limit under Deductions & Credits -> Other Deductions and Credits -> Other Deductible Expenses. Answer No to Generation Skipping taxes and Less Common Expenses (unless you have either of these for other reasons). On the Any Other Deductions page, answer Yes. Enter the amount in the Estate Tax Deduction box.