After you file
Wherman396 - What you are describing does not sound correct. I have not received my grantor letter yet this year, but here are the notes I wrote up last year:
The key to the HGR Grantor Tust Tax Info Letter is to treat it like (and enter it as) a Limited Partnership K-1. The info in the Info Letter "enter on" column is much cleaner than the first year.
- Interest income on other than US Obligations --> line 5
- L/T Gain or Loss: Business Property Gain or Loss -> 9A (sale of business property)
- L/T Gain or Loss: Unrecaptured Sec 1250 Gain -> 9C (I show none this year, but we used this last year)
The rest is pass-through income (if that is relevant) and with one exception, goes on the form that the letter has in the "enter on" column
- Sec 199A QBI is "ordinary business income"
- Section 199A UBIA "has UBIA of Qualified Property" goes in Box 20, code Z
Here is a picture of the notes I made on last year's letter:
