- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@RJ82 wrote:
......for the grantor type trust; it was not allowing me to input any expense nor distribution amount....
Grantor trusts do not make distributions as such; the grantor essentially owns the assets in the trust and the income derived from those assets (as well as the expenses incurred).
A 1041 is prepared for a grantor trust along with a grantor information statement (GIS).
‎December 6, 2021
3:39 PM
362 Views