clint
Level 1
‎12-06-2019 04:29 PM
If federal income tax was withheld from a 1099-R for a trust, how can this withholding be credited to the beneficiary on the K-1?
The IRS told me it could be treated as a line 13 -I credit, but I don't see how to do this in Lacerte
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IntuitAlicia
Employee
Employee
‎12-06-2019 04:29 PM

The input for this can be found in Screen 43, Schedule K-1 Overrides/Miscellaneous, in the Other Information (14) section.  The input field Withholding other than backup withholding (I) (input sheet code 67) will flow here. 

You will need to enter an amount for each applicable bene using the Beneficiary listing in the left navigation panel on this input screen.

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