mschmidtcpa
Level 2

Greetings -

I have a question. I have a client that is now involved in a living trust. The trust has activity similar to a K1 Partnership. The living trust is in the client's & wife's name. The ID number is under the client's SS number.

 

My question is how I report the following types of income:

1) Ordinary

2) Rental

3) Dividends

4) Interest

5) ST Cap Gains

6) LT Cap Gains

 

The structure of this follows that of a K1 Partnership. Do I enter these items manually into the return, or enter it on a platform like the Partnership K1?

 

Thank you,  

 

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