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Level 1
April 15, 2021
Question

Grantor Trust Letter

  • April 15, 2021
  • 1 reply
  • 14 views

Having trouble accessing Sch E page 2

Any advice on entering date from Grantor Trust Letter 

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1 reply

sjrcpa
Level 15
April 15, 2021

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.
BobKamman
Level 15
April 15, 2021

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.

Level 8
April 15, 2021

And not only is it a "pretend trust" but you cannot file an extension for the "entity" because it is all pretense.