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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.
‎April 6, 2024
7:56 AM