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Level 3
February 28, 2022
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How do I have all Income or Losses flow directly to a K-1 on a 1041 Grantor Trust?

  • February 28, 2022
  • 1 reply
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Best answer by sjrcpa

As far as I know states follow the federal rules for Grantor Trusts. Check the instructions for your particular state.

1 reply

sjrcpa
Level 15
February 28, 2022

You don't. If a grantor trust is filing a 1041, you get a Grantor Trust Letter which lists all the stuff to put on the Grantor's 1040.

The more I know the more I don’t know.
RC18Author
Level 3
February 28, 2022

This is also used for the State K-1 as well?

sjrcpa
sjrcpaAnswer
Level 15
February 28, 2022

As far as I know states follow the federal rules for Grantor Trusts. Check the instructions for your particular state.

The more I know the more I don’t know.