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REIT became a liquidating trust, Grantor Tax Information Letter sent - where does the information go?
I already received a form 1099-DIV, confirmed I am not receiving a K-1, and the form states "This is important tax information, Enter the amounts listed below on your US Income Tax returns".
On the lines where there are $ values to report, this is what it says - where should each of these items be recorded in the turbotax software?
Capital Gains Information
Business Property Gain or Loss: If individual taxpayer, enter on Form 4797, Part I, Column G
Unrecaptured Section 1250 Gain: If individual taxpayer, enter on Line 11 of Worksheet for schd. D, Form 1040, Line 19
Miscellaneous Income Information
Partnership Income from Passive Activities: If individual taxpayer, enter on Sch E, form 1040, Part II
Qualified Business Income Information
Section 199A Qualified Business Income: If individual taxpayer, enter on Form 8995
Section 199A UBIA: If individual taxpayer, enter on Sch E, Form 1040, Part II - it's a positive #
Effectively Connected Income (ECI) Information)
Your Share of ECI from Underlying Assets