LostInTaxes11
Member
Hi,
In October 2018 I had a trust of mine dissolved and am struggling to figure out what I need to report. I received a 2018 grantor trust tax information which I used to fill out a form K-1 that included the capital gains, dividends, etc. I think I have that part covered.
The part where I am most confused is about a refund I received for the 2018 required estimated tax in that amount paid to the IRS during 2018. In conjunction with this, I received a form 1041 that was blank save for a line 25a that cites "2018 estimated tax payments and amount applied from 2017 returns". I see it flows through to line 30 in the same amount. I am very confused as to what this refund stems from? And how do I record this for tax reasons? Would this refund be on my 2018 or 2019 tax forms?
Thank you so much in advance for your help!
In October 2018 I had a trust of mine dissolved and am struggling to figure out what I need to report. I received a 2018 grantor trust tax information which I used to fill out a form K-1 that included the capital gains, dividends, etc. I think I have that part covered.
The part where I am most confused is about a refund I received for the 2018 required estimated tax in that amount paid to the IRS during 2018. In conjunction with this, I received a form 1041 that was blank save for a line 25a that cites "2018 estimated tax payments and amount applied from 2017 returns". I see it flows through to line 30 in the same amount. I am very confused as to what this refund stems from? And how do I record this for tax reasons? Would this refund be on my 2018 or 2019 tax forms?
Thank you so much in advance for your help!