Does TurboTax require an entry in Box 11 for a “Final” K-1 Grantor Letter?

[mullenwi]

I received a Final Grantor Trust Letter from a Liquidating Trust which has the following item:  Income  LONG-TERM CAPITAL GAIN (LOSS) ……………..  -2904.  (ENTER ON FORM 1040, FORM 8949, PART II)  Do I need to make a manual entry into Form 8949?

[M-MTax]

Enter that as if it was a stock sale.....same section but long term holding period.

[mullenwi]

No entry needed in Box 11?

[M-MTax · Accepted solution]

If you've got a K-1 with the number in Box 11 you enter that as a K-1. If it's a grantor letter you enter that on Form 8949......as instructed. Don't do both whatever you do.

[mullenwi]

Thank you.  Greatly appreciated.