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efiolb
New Member

I received a tax document from a trust company, it's telling me to enter $2,113.28 on line 8, on Form 1040. Were would I enter this?

 
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6 Replies

I received a tax document from a trust company, it's telling me to enter $2,113.28 on line 8, on Form 1040. Were would I enter this?

What type of tax document - what is the document number or name?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
efiolb
New Member

I received a tax document from a trust company, it's telling me to enter $2,113.28 on line 8, on Form 1040. Were would I enter this?

It's titled:  2020 Federal Grantor Information.  And the body of the document it says:  The following income is to be reported on the income tax return of the above-named grantor. 

The trust tax ID:  47-6891537

The Trust Company is IRA Services Trust Company

I received a tax document from a trust company, it's telling me to enter $2,113.28 on line 8, on Form 1040. Were would I enter this?

But does it have a form number?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
efiolb
New Member

I received a tax document from a trust company, it's telling me to enter $2,113.28 on line 8, on Form 1040. Were would I enter this?

There is no Form # on the document.

I received a tax document from a trust company, it's telling me to enter $2,113.28 on line 8, on Form 1040. Were would I enter this?

It would probably be reported under Miscellaneous Income, Other Reportable Income.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
efiolb
New Member

I received a tax document from a trust company, it's telling me to enter $2,113.28 on line 8, on Form 1040. Were would I enter this?

Ok.  Thank you for your help!

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