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Grantor Trust Letter

Level 1

Having trouble accessing Sch E page 2

Any advice on entering date from Grantor Trust Letter 

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4 Comments 4
Level 15

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.

Level 15

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 9

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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Level 15

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.)



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