This year I received a grantor letter from a Special Needs Trust and I'm trying to figure out how to enter it in TurboTax. It's similar to a K-1 but I don't know if I can enter it as if it were a K-1.
Searching the forum for similar problems in the past, I found a thread asking a similar question, and ultimately it was not resolved by any suggestion and they went to an accountant instead of using Turbo Tax.
The fields I need to enter include the following. (Can I use forms mode to enter these directly?)
- Ordinary dividend income (form 1040 Schedule B, Part II, line 5)
- Qualified dividend income included above (use for Schedule D tax calculation)
- foreign tax credit information (passive income, other counties, gross income, form 1116, Part 1)
- foreign qualified dividends
- taxes (form 1116, part 2)
- 199A Reit dividends
