Reporting CA withholding for trust's distributed income - Spidell

Reporting CA withholding for trust’s distributed income

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Message Board Reporting CA withholding for trust’s distributed income

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    • #273791
      Patricia Hass
      Participant

      2019 is the initial return for a trust that made a 645 election, with its fiscal year ending 8/31/2020.  95% of CA DNI was distributed to 10 beneficiaries.  Am I correct in distributing 95% of CA income tax withheld on Form 1099R even if the 1099R income is only about 45% of DNI?  Should the distributed withheld tax be reported on Form 592 or 592-PTE?  And the beneficiaries’ share of amount of tax distributed reported as “Other Credit” on the CA K-1s?

      Thanks for any clarification!

    • #274003
      Lynn Freer
      Participant

      The withheld amount is reported on 592 or 592PTE and income reported on K1

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