eawholovestax
Level 2
02-24-2020
01:02 PM
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An estate was the recipient of IRA and personal rep chose FITW .
Lacerte treats the input in screen 19 as back up withholding and distributes it to the beneficiary . Instructions to form 1041 state that tax withholding stays with the estate and has to be refunded even though this is final year and all income will follow to the beneficiaries. Worst of two worlds. Lacerte has no schedule G in the 1041 program and no answer for how to resolve this in their software.
Anyone have a work around ?
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