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Deductions & credits
Yes, you can report the K-1 on your personal 1040.
There are optional methods for grantor trust reporting depending upon whether an EIN was obtained and whether that EIN was given to payers of income.
See https://www.irs.gov/instructions/i1041#en_US_2023_publink1000286020
March 11, 2024
3:07 PM