Mel7777
Level 3
3 weeks ago
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I have a client whose uncle died with an estate plan setting up a grantor trust for my client. The client has now received a 1099-composite in the name and EIN of the trust. The client has control over all the assets and can do what they want. So under the Grant Trust Rules, this is reported on the personal return. Howevever, since it's reported in the Trust EIN, what is the best way to the IRS to map the 1099 to the personal return? My thought is to add a disclosure for Schedule D as a "Preparer Note" in ProSeries. Any other recommendations?
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