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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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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?

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.

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3 Replies

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?

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.

ToddL99
Expert Alumni

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?

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:

 

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?


@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).

 

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