Yes, it's a form in the TurboTax return. It is called the Grantor Information Statement. It gets generated after specific information is reported in your return.
Once you choose the entity type, the statement is created right away. Early on, you’ll see a screen called “About This Trust.” Choose “Grantor Type Trust” here. As you enter interest, dividends, or capital gains in the Business program, these amounts won’t show up on the main Form 1041—they’ll mostly stay blank. Instead, TurboTax adds them to a supporting document called the Grantor Information Statement (GIS).
Even though it's a Grantor Trust, you must "distribute" the income to the grantor in the software. Go to the Beneficiary/Grantor Information section.Ensure the Grantor is listed with their SSN. Set the Grantor Percentage to 100%. If this percentage is missing, the software won't know who to address the statement to, and it may not generate.
Now go to the forms mode in your program. Click the Forms icon (top right corner of the Windows program). In the left-hand list of forms, look for "Grantor Information Statement." If the trust has income but this form is blank, check your "Grantor Percentages." If missing, go back to the Beneficiary/Grantor Information section and enter the percentage there.
@ddranalli
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
