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Fwt On 1099r Ird

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    Fwt On 1099r Ird

    I have FWT reported on a 1099R (Retirement Savings Plan) going to the estate EIN #. This is the final 1041 with 2 beneficiaries. Can the FWT pass through to the beneficiaries via K-1, or does the estate need to receive the refund, (which seems stupid as this is the final return). Which line would this show up on on the K-1? 13?

    My software seems to be listing it to be refunded.

    Robin

    #2
    Refund on 1041

    I had one like that last year and entered the amount as an amount to be refunded. The check went to the executor who was able to cash it.

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      #3
      FWT on 1041

      Is it possible to pass through the withholding to each beneficiary's K-1 and allow them to take it is a payment on their individual 1040? If the executor receives it as a refund on the 1041, he just would distribute it to the beneficiaries anyway. Seems like it would save a step, having the same result.

      Robin

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