A grantor letter is often issued in lieu of a K-1 form so you will enter the information into the program as if you did get a K-1 however you cannot use the K-1 entry screen ... you must enter the individual income items in the correct placed in the interview. For instance if you have interest, dividends or cap gains you need to enter them in the 1099-INT, 1099-DIV and 1099-B sections as if you had gotten these forms.
