DeveraC
Level 3

Hi, everyone. I am hoping you can help! I have an individual who received the Grantor Trust Tax Information Letter from HFR Liquidating Trust. The trust closed in 2022, so this is the final information. My client called them and verified they would not send a K-1. Instead, the tax information letter is all they are sending out. So, how can I enter the following without the K-1?

Sch. D, Part II, Line 10, Columb 😧 $406 of a partnership interest

Form 4797, Part I, Column G, Line 2, Business Property: -$441

Sch. E, Part II, Line 28, Partnership Income from Passive Activities: -$304

Form 8995-A, Section 199A Qualified Business Income: -$70

Any help you can assist me with would be greatly appreciated. I know everyone is slammed right now. 

 

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