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New Member
posted Mar 9, 2021 12:20:14 AM

I need to list Guam in the address section a trust on a K-1 form but there is no option for Guam. Is there a way to edit the info?

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1 Best answer
Level 15
Mar 9, 2021 7:03:29 AM

You can list your own address as the address for the trust.

 

The IRS gets the correct address when the trust files its own tax return (Form 1041) and the K-1 you enter on your individual income tax return does not get transmitted to the IRS.

3 Replies
Level 15
Mar 9, 2021 7:03:29 AM

You can list your own address as the address for the trust.

 

The IRS gets the correct address when the trust files its own tax return (Form 1041) and the K-1 you enter on your individual income tax return does not get transmitted to the IRS.

Expert Alumni
Mar 9, 2021 7:35:43 AM

You do have the option of entering a foreign address for both the trust and a partner - you just have to "check if this is a foreign country.  Guam is included as an option for "Country".

 

See the attached screenshot for an example:

 

Level 15
Mar 9, 2021 7:43:14 AM

@ToddL99 wrote:

You do have the option of entering a foreign address for both the trust and a partner - you just have to "check if this is a foreign country.

The screenshot is from TurboTax Business while @dpaulino21's post was from a personal version of TurboTax, which does not have that option when entering a K-1 that was received (see screenshots below).