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?
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Form 1041 decedents estate returnTaxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR -
Learned new info, withholding not relevant. SorryComment
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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.Comment
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