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Get your taxes done using TurboTax
Assuming you've always reported both the trust and your personal account on the same tax return, nothing has really changed from a filing standpoint: ignore the transfer as far as TT is concerned, and simply sum the two K-1s together for entry into the normal K-1 interview.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 3, 2023
11:10 AM