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After you file
Yes. You would enter the information reported on the Grantor Tax Advice Letter as if it were reported to you on a Form 1041 K-1.
If this is the final report from the trust, the fees and expenses would be reported in Box 11A. You would also mark the "K-1" as final. Otherwise, the fees and expenses are not deductible and should not be entered.
You may wish to contact the source of the grantor letter for clarification of these expenses and how they should be reported.
[edited 3/12/25 | 10:04 PDT]
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March 12, 2025
10:01 AM