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IRS Tax Questions: 1. What happens to suspended capital
IRS Tax Questions: 1. What happens to suspended capital losses when someone dies and there is no estate return? Are they lost? Please provide IRS references and articles. 2. Please explain the rules f… read more
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Doctoral Degree
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Estate of decedent received 1099-R from Life Insurance
Estate of decedent received 1099-R from Life Insurance company for an annuity. Where on the 1041 does the taxable amount of the distribution go, and how to show the Federal withholding amount? There a… read more
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I am the sole surviving family member, sole beneficiary and
I am the sole surviving family member, sole beneficiary and the trustee/fiduciary of a trust. I am having issues using H & R Block business edition I can't seem to resolve.The trust has some interest … read more
Lev
Lev
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In a CA probate the deceased passed in 2016. His estate's
In a CA probate the deceased passed in 2016. His estate's executor has taken $80k from the deceased's 401k in 2017 to prepare the estate to be settled in 2018. How much will be the taxes in 2017?… read more
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If Estate/Trust has no obligation to distribute income, and
If Estate/Trust has no obligation to distribute income, and only income was decedent's IRA MRD taken by estate after decedent's death, and this amount is mostly offset by Estate/Trust administrative e… read more
Lev
Lev
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My daughter is inheriting a 401k from deceased mother (my
My daughter is inheriting a 401k from deceased mother (my ex) who did not designate a beneficiary. Thus it has been through probate and is now clear for transfer from the 401k provider to the estate f… read more
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Robin, I have a NEW client that I need help with. Married
Hi Robin,I have a NEW client that I need help with.Married couple who resided in FL for 2015 and who had a Revocable Living Trust before the spouse (Trustee) died on 08/10/15. The Revocable Living Tru… read more
Jonathan Tierney
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My sister set-up a Living trust, which was funded with her
My sister set-up a Living trust, which was funded with her house, retirement, checking and savings accounts. She passed away this January. The trust was set-up to avoid probate. I was named trustee be… read more
Lev
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Royalty income received by estate has 28% backup withholding.
Royalty income received by estate has 28% backup withholding. Estate receives form 1099. Estate distributes 100% to single beneficiary, so no taxes owed by estate. Is income reported on line 8 of 1041… read more
Arthur Rubin
Arthur Rubin
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I have a 1099-R estate tax return. Its an IRA with
I have a 1099-R for an estate tax return. Its an IRA with a code of 4 in box 7 Where does that go on the 1041 return.… read more
Lev
Lev
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I received a 1099-r because I withdrew $57,000 from a trust.
I received a 1099-r because I withdrew $57,000 from a trust. I had 20% federal taxes withheld. Is there a way to pass this tax credit through to me, the beneficiary so I can report on their k-1? The t… read more
Lev
Lev
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I have a 1099-R for a recipient that has died. My understanding
I have a 1099-R for a recipient that has died. My understanding is that this is not taxable as the code in box 7 is 4. How is this reported on the Estate Return? Thank you very much for your assistanc… read more
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I am the trustee of an IRA Trust for my sibling. This is the
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i have a client that passed and the executrix was given a 1099
i have a client that passed and the executrix was given a 1099 R as part of an estate. Where does the 1099 for pension get reported on the 1041 return… read more
Lev
Lev
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My mothers revocable trust had a gross distribution of about
My mother's revocable trust had a gross distribution of about $7000. Unfortunately, I had federal and state taxes withheld. My name doesn't even appear on the 1099-R form although I was both trustee a… read more
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The estate I discussed with you before - is comprised of a
The estate I discussed with you before - is comprised of a distribution of Pensiono plan of Mother who died with son as beneficiary. Son died before distribution, $97,000 was distributed to the Estate… read more
Lev
Lev
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My Mom passed away in March 2010. She left an estate around
My Mom passed away in March 2010. She left an estate around $1.3 million. I am trying to do form 1041 for the estate and I have some questions. I purchased H& R Block business that has the 1041 return… read more
Arthur Rubin
Arthur Rubin
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I have a question re a trust. Our father died last year.
I have a question re a trust. Our father died last year. He had his investments in the trust. We rec'd a 1099 from the insurance company with the breakdown of the distributions from the trust. There i… read more
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