jasdlm Posted March 19, 2010 Report Share Posted March 19, 2010 Client was the recipient of a lottery annuity. He is deceased. W2G is issued to his revocable living trust (obviously now non-revocable), which was the beneficiary for the annuity. (Spouse is principle/income beneficiary of the Trust, and has already withdrawn the majority of the money from the trust, so income is going to flow through to her return, leaving an overpayment in the Trust because of withholding.) Exactly how should I report this on the 1041? Other income? There is Federal and State withholding. It is a substantial amount of money. Thanks in advance. Quote Link to comment Share on other sites More sharing options...
RoyDaleOne Posted March 19, 2010 Report Share Posted March 19, 2010 Who is doing the estate return? Present value (discounted cash flow) is included in the estate. Just wool-gathering. Other Income is the place. Not sure about the number for the withholding reporting, line 24e or something like that. Quote Link to comment Share on other sites More sharing options...
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