mschmidtcpa
Level 2
04-04-2022
08:49 AM
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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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