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Having trouble accessing Sch E page 2
Any advice on entering date from Grantor Trust Letter
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What do you need to enter on Schedule E page 2 from the Grantor Trust Letter.
Items from the Grantor trust letter get entered in the same place they would if there weren't a grantor trust. Interest gets entered as interest, stock sales get entered as stock sales, etc.
The more I know the more I don’t know.
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They should add a bold-print caption at the top of Grantor Trust Letters:
WARNING. This is just a pretend trust. Move along and pay no attention.
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And not only is it a "pretend trust" but you cannot file an extension for the "entity" because it is all pretense.
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It has been quite some time since anyone mentioned Intentionally Defective Irrevocable Trusts. April 15 is as good a time as any to review them. (After all, it's the day the Titanic sank. It was also an IDIT -- Iceberg Destroyed Immersible Transport.)
