Question
Allocation of withheld tax on final trust return
The trust has federal and state tax withheld on an annuity. Income is being distributed to the beneficiaries and there is excess withholding that also needs to be distributed. The 1041-T provides for distributing excess estimates but there is no provision for distributing withheld tax. Do I use this form and include a statement to the effect that this is not for estimates but for withheld taxes instead?
