estate return and IRA

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  • JenMO
    Senior Member
    • Apr 2007
    • 974

    #1

    estate return and IRA

    Estate cashed in deceased person's IRA, the IRA people withheld income tax. Where does that go? I'm only doing a final, so it should be passed on to the beneficiaries but I'm sure where it goes?
  • ATSMAN
    Senior Member
    • Jul 2013
    • 2415

    #2
    Form 1041 decedents estate return
    Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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    • JenMO
      Senior Member
      • Apr 2007
      • 974

      #3
      Learned new info, withholding not relevant. Sorry

      Comment

      • Burke
        Senior Member
        • Jan 2008
        • 7068

        #4
        Goes on Line 8, Other Income. Then passes to benes on the K-1. If any withholding is done, the estate shows the amt and applies it to its income tax, if any. If none, the estate gets the refund, and then must disburse if estate closes.

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