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Level 3
March 19, 2024
Question

Net investment tax

  • March 19, 2024
  • 1 reply
  • 14 views

How do I remove Net investment tax from estate beneficiary's return

 

When Estate has already paid it

This topic has been closed for replies.

1 reply

sjrcpa
Level 15
March 19, 2024

Is there investment income - interest, dividends, capital gains - on the K-1?

The more I know the more I don’t know.
joehAuthor
Level 3
March 19, 2024

yes...however Executor has informed client that Estate paid the NIT

Just-Lisa-Now-
Intuit Community Champion
March 19, 2024

How did they pay it if the income was distributed to the beneficiary on the K-1?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪