Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 21, 2025 5:36:47 PM

Grantor Trust 1041

I have a question and I am a bit confused.  I have a Grantor Trust and I am not how to enter Dividends and Proceeds.  I have located the sections to enter in Turbo Tax Business. But as I run the review, it states, no numbers get entered into a grantor trust???  Am I selected the correct type?  The client is telling me it's a Grantor trust, she is the Grantor and it has investments producing dividends and proceeds (1099-DIV & 1099-B)

How should I be handing this? 

0 1 3291
1 Replies
Level 6
Apr 21, 2025 5:44:52 PM

Grantor trusts virtually always have 1041s that show blanks or zeros. Everything gets passed through to the grantor on the grantor information statement which TT Business should generate for you (I believe).