A Grantor Letter I received contains " Realized Loss on Marketable Securities" with an amount. Where do I put this amount? This will be ongoing yearly.
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1 Replies
DaveF1006
Expert Alumni
Mar 19, 2025 5:21:53 AM
You would enter the information reported on the Grantor Tax Advice Letter as if it were reported to you on a Form 1041 K- Here is how to report.
Open your TurboTax return
Go to income
Go to S-corps, Partnerships, and Trusts
Schedule K-1
Estates or trusts (Form 1041)
Fill out the information and make sure you indicate this is the final K-1 for the trust
Check Box 5.
When you record the information in box 5, record the loss with a minus sign in front of it.