Reporting Grantor Trust?
I have three Grantor Letters for the same grantor trust: mine, my wife's and joint. Turbotax doe not have an option for reporting joint ownership on Form 1099-MISC. How do I report this? Thank you
I have three Grantor Letters for the same grantor trust: mine, my wife's and joint. Turbotax doe not have an option for reporting joint ownership on Form 1099-MISC. How do I report this? Thank you
" How do I report this?"
Frankly, it really does not matter provided you and your wife are filing a joint return. The option only appears on a worksheet, or worksheets, that you retain for your records; it does not get filed.
Simply use the person whose name corresponds with the tax ID (social security) number on the 1099.
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