claudetcb
Level 3

No, Lisa, I would not do that. What I would do is this: Report the full amount of the 1099INT, OR DIV, on the 1040, then create another line item as: Reported to Fiduciary or Trust, or Estate of and include the EIN number as a negative amount; then place that amount on the 1041 as a positive amount. The less you describe, the better. Here is an example:

1040

Smith Barney 1234 1099DIV    $ 5,000

(Less) Reported by Estate EIN xx-xxxxxxx ($ 1,750)

1041

Smith Barney 1234 $ 1,750

Hope this helps.