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How do I report an IRA distribution paid to an estate on Form 1041?

Kent3
Level 1

This is the final year of the estate. Final distributions were made to the beneficiaries.

Since this is the final year of the estate, how do I allocate the 20% federal income tax deducted from the IRA distribution to the beneficiaries? 

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TAXOH
Level 11
Level 11

You can't.   It has to be refunded to the estate and then distributed to the beneficiaries. 

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1 Reply 1
TAXOH
Level 11
Level 11

You can't.   It has to be refunded to the estate and then distributed to the beneficiaries. 

View solution in original post