M-MTax
Level 12

Get your taxes done using TurboTax

The format of the K-1 doesn't match because it's a grantor trust so everything gets reported on the grantor's tax return......grantor trusts don't issue K-1s. So it's as if the trust doesn't exist other than having to file a 1041 with normally all zeroes and a tax statement to the grantor outlining the types of income.

View solution in original post