Forgive me, I know nothing of the trust. I have an irrevocable trust established for me as a sub trust. It is also a grantor trust for tax purpose. My friend left me some money after he died last year, less than 30k from his IRA account. I will have to pay tax for the 30k as I will receive K1. As I was playing around with the TurboTax business software, I came across the screen asking me whether I am the grantor of the trust, but then explain the grantor as someone who manages the trust. I am confused. I thought the grantor is the creator of the trust, which will be my friend. The trustee is the one(me, in this case) manages the trust.
So is turbotax business messed up? if not, who is the grantor here managing the trust.
