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Level 2
June 4, 2019
Solved

Reporting Grantor Trust?

  • June 4, 2019
  • 2 replies
  • 36 views

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

Best answer by Anonymous_

" 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.

2 replies

June 4, 2019
Level 15
June 4, 2019

" 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.