mlevine2
Returning Member

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