How do I enter information from a Grantor Letter?

The Grantor Letter or Information Sheet is a transmittal document, copied to the IRS, showing you as a recipient of various forms of income, and possibly having certain deductible expenses. Enter the information listed in the Grantor Letter in the places where you normally would, had you paid or received these items directly instead of through a trust.

You report each income and expense item as if you had received an equivalent 1099, using the name and EIN of the Trust as the payer.  So treat interest as if a 1099-INT, dividends as if a 1099-DIV, Gains and Losses as if a 1099-B, etc.

Some of the more common items and where to add them include the following:

• Taxable interest and dividends -  Interest and Dividends > Interest on 1099-INT [or Dividends on 1099-DIV]
• Ordinary income - Investment Income > Stocks, Mutual Funds, Bonds, Other [or one of the other categories listed]
• Capital gains and losses - Investment Income > Stocks, Mutual Funds, Bonds, Other

1. Click on Federal Taxes > Deductions & Credits  [In TT Home & Biz:  Personal > Deductions & Credits > I'll choose what I work on].
2. Go to the appropriate section, like Your Home > Property Taxes or Charitable Donations > Donations to Charity in 2015.

Hi, is there an answer that's missing from this thread? I'm not seeing the answer to the original question of how to input a Grantor Letter.

I see no best answer to this question.  Nor do I get much help from within the software.  It always wants me to amend an tax return.   My Grantor tax information letter has multiple forms indicated and for the most part I can't find them in the program.  I might have to look into other software to do my taxes in the future.   They just want me to keep spending more money to upgrade and if i do I have no idea if I will even get the information I need then.   Form 4797, Form 8995, Schedule E, Interest  Capital Gains.      This is a liquidating trust for a REIT.  

I am not a tax person.  Just someone who received a Grantor Trust Tax Information (from HGR Liquidating Trust) and may be able to add a few more tips to the great advice Irene gave.  Hopefully if someone who is a tax pro realizes I am wrong about something you can jump in and save us all. After a lot of false starts, here is what I did:

• Enter the information as if you received a K-1 from a limited partnership
• Once you fill in the basic info about the trust (acting as if it is a partnership), TT will ask you which boxes have numbers in them.  Select box 5, 9, 10 and 20
• Enter interest income into box 5
• Enter business property gain or loss into box 10
• Enter unrecaptured section 1250 gain into box 9c
• to deal with the misc. and qualified business info, which is pass through income, enter code Z into box 20.  It asks for an amount.  I did not put one in because it was not obvious to me what amount should go in there.  Not saying that was right but it didn't complain.
• You will then fill in the information about the partnership that has passed through to the Liquidating Trust (In my case, Hines Global REIT.  The EIN is on your letter)

Hope this helps.  And to paraphrase that old TV commercial: "I'm not a tax guy. I just play one on TV."

Hello.  I have received a yellow "letter" from SABINE ROYALTY TRUST.  It contains a box indicating where I should place the numbers in a Schedule E.  However, I can't seem to find how I go about doing this.  This is NOT A PARTNERSHIP.  It says, "we are considered a grantor trust, not a partnership and do not have the same reporting requirements that a partnership has.  That is why you DO NOT receive a K-1.   The cash distributions are reported on a 1099-MISC form by your broker.

So, this already appears and has been imported from my Schwab account.  I want to ensure that I am NOT PAYING tax twice on it.  But, I can't seem to figure out where to enter the following line items they provided on this sheet:

GROSS ROYALTY INCOME (It says list on Schedule E, line 4)

SEVERANCE TAX (It says to list on Schedule E, line 16)

ADMINISTRATION EXPENSES (It says to list on Schedule E, line 19)

DEPLETION (It says to list on Schedule E, line 18) ... but it says to "calculate manually!"  This is a real dilemma!

I am using the desktop version of TurboTax Premier.

Thank you!