TP82
Level 4
2 weeks ago
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What is the best way to enter data from a Form 2041 Grantor Letter? Info is similar to a K-1 but no line numbers.
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sjrcpa
Level 15
2 weeks ago
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A Grantor Trust is disregarded for tax purposes. Enter each item the same as you would if taxpayer received it directly.
The more I know the more I don’t know.
BobKamman
Level 15
2 weeks ago
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They usually show items that get listed on the Schedule B worksheet for interest and dividends -- I enter them as "From John Doe Grantor Trust xx-xxxxxxx" with EIN of trust. There may be Schedule D transactions, with any luck they are "covered" and can be shown that way from the 1099-B worksheet. Other types of income, good luck.
