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Level 1
December 7, 2019
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Grantor letter - Where do I enter Depreciation Attributable to Passive Activities on Proseries K-1 Trust Worksheet? Box 9a? Direct Apportioned Deductions depreciation.

  • December 7, 2019
  • 1 reply
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grantor letter - Where do I enter Depreciation Attributable to Passive Activities on Proseries K-1 Trust Worksheet?  Box 9a? Direct Apportioned Deductions depreciation.

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Best answer by poolcleaner

If it is a Grantor Trust and you are filing the trust return, nothing goes on the K-1.  It is all reported on the Grantor letter.  If you are doing the grantor's return, it is treated as if she had paid it herself and entered as if there were no trust. There is no K-1.

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Level 8
December 7, 2019

If it is a Grantor Trust and you are filing the trust return, nothing goes on the K-1.  It is all reported on the Grantor letter.  If you are doing the grantor's return, it is treated as if she had paid it herself and entered as if there were no trust. There is no K-1.