Hope this helps all of us struggling with the HGR Liquidating Trust Grantor Letter:
https://ttlc.intuit.com/community/taxes/discussion/re-what-is-ubia-referenced-in-sec-199a-box-20-of-...
I followed the directions given by DaveF1006 on the above thread & entered all the numbers from the Grantor Letter by generating a K1 as Dave describes. I checked boxes 1-5 and box 14 on his Step 7. This gave me places to enter all the numbers.
Problem: on the Schedule E generated from my K1 entries, the "Partnership Income from Passive Activities" is entered under the "Active" column instead of "Passive." (note: the active & passive numbers flow down to the same spot.) Schedule E also shows this income as belonging to the Liquidating Trust as opposed to the REIT Properties LP as indicated on the Grantor Letter.
Bottom line: I did this for both of the Grantor Letters I received from HGR Liquidating Trust and it made zero difference to what I owed. I'm not going to file right away; I'll wait to see if anyone comes up with a different/better solution that gets around the Schedule E problem.
(I didn't include Dave's instructions on this thread because I felt funny about copying someone else's response & posting it.)
