All, just received a 1041 Grantor letter for a bankruptcy trust and can't figure out how to enter the info. If I go under K-1 and choose 1041, I can only find a couple of items in TT that match my letter. For example I have no idea how to enter the following information.....and my version of TT doesn't have a form 8949 or 4797. Do I add up all the info listed under Other Income and then list it as a single total line item or what? Can anyone please help me?
INTEREST INCOME.
(ENTER ON FORM 1040, SCHEDUI,E B, PART I, LINE 1)
LONG-TERM CAPITAL GAIN (LOSS)
(ENTER ON FORM 1040, FORM 8949, PART II)
ORDINARY GAIN (LOSS). .. .
(ENTER ON FORM 4797, PART II)
OTHER INCOME
(SEE INSTRUCTIONS FOR FORM 1O4O)
SETTLEMENT INCOME.
OTHER INCOME
SALARIES & WAGES..
RENTS.
PROPERTY TAXES
PAYROLL TAXES
LICENESES & OTHER TAXES.
ADVERTISING.
EMPLOYEE BENEFITS
SETTLEMENT EXPENSES
LEGAL & PROFESSTONAL FEES
OUTSIDE SERVICES
UTILITIES
INSURANCE
US TRUSTEE FEES
OFFICE EXPENSES
PARKING
TELEPHONE
BOARD FEES
TRAVEL
STORAGE
