rulrich[at]comcast.net (Rick) wrote in news:102ifkbhc5v0rf4

- quote -

Sorry, your understanding is correct. Wish they could fix it
but at this time you'll have to file and get the refund to
distribute to the beneficiaries.

Martha Matthews, EA

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

Rick <rulrich[at]comcast.net> wrote:

- quote -

As I recall, only estimated tax payments or "backup
withholding" can be allocated to the beneficiaries.
Otherwise, the estate must seek the refund. Meanwhile, the
beneficiaries have to pay their share. Bummer.

MTW

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

I had federal taxes withheld from income to an estate. My
plan was to distribute both the income and credit the
withholding to the beneficiaries, but now that I am working
on my k-1s, it appears that only estimated tax payments can
be credited. Is my understanding correct, or can
withholding be considered equivalent to estimated tax
payments in this case?

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->