Thank you Dave for your response.
One detail I left out and am not sure will make a difference in your previous response is that this is a "revocable" grantor trust. I assume everything you replied about still applies.
Just a clarification on your statement here "No, you do not need to to include any portion of your 1040 return and attach to your 1040." <-- did you mean ....and attach it to your 1041?
"3. Report Income on Form 1040: Ensure that all income generated by the trust is accurately reported on your personal 1040 joint filing." <-- Meaning that the amounts (i.e. box 1a and 1b dividends and box 2a capital gains from the Trust's 1099-DIV) match with the 1041 Grantor Statement information?
If I electronically import the brokerage's 1099-DIV for the Trust, T-Tax will populate accordingly along with any other regular electronic 1099 imports of my own (i.e. all 1099-DIV's imported total capital gains distributions tallied to Sch D line 13 & total ordinary dividends to Sch B Part-II, of course, those are line by line itemized entries and you will know what came from which brokerage account).
Just wanted to be sure that there was no special entry in T-Tax Deluxe for the Trust's 1099-DIV income (i.e. don't believe there is an entry for the Trust's name or other details) vs. my regular 1099-DIV income when I go through my 1040 interview in T-Tax.
*Form 8960 does not come into play for this scenario (ie. Part-III lines 18-21) - correct?
