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Get your taxes done using TurboTax
So, I have no problem entering the interest and dividend from the Funeral trust. The problem is trying to enter a short term loss and a long term gain. It's impossible to use the K-1 form and impossible to use the mutual fund/stock entry because they both require original cost which is not included in the Grantor Tax Advise Letter. If I try to put it directly on the Form 1040 Line 7 and Schedule D line 5 & 12, it Turbo Tax has already gone through adjusting those lines, so how do you simply enter the gain/loss without original cost data?
March 21, 2022
10:31 AM