PATAX
Level 15

Client receive this in late March after 1040 return was finished. We received nothing apparently from this entity for the last several years. The grantor letter from the trust has several items including about $20,000 in long-term capital loss allocated to the client. Has anyone else seen this? Like I said they apparently received nothing from this entity since at least 2018 and now this came apparently out of the blue. It looks like I have to file a corrected 1040 2022 return and pick up the capital loss and other items on this grantor letter. Thanks for any information.

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