1041 federal tax withholding

Forum|Forum|6 years ago
December 6, 2019
1 reply
13 views

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

Lacerte Tax

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Best answer by IntuitAlicia

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.

IntuitAlicia

Answer

Employee

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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