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Business & farm
Thank you for the quick response but I'm still confused. I thought the fiduciary (Icon 11) is suppose to file a 1041, not the Beneficiaries (investors) and issue the K-1s to the investors. Instead of a K-1, I got a Final Grantor Trust Statement which seems to follow the K-1 form. Turbo Tax reported all my previous K-1s on Schedule E (Form 1040). My question is: can I use the Grantor statement as a K-1 in Turbo Tax Premier? And, will Turbo Tax ask if the Grantor statement is final in their step-by-step instructions? Or will that not work since Icon didn't issue a K-1?
‎June 6, 2019
9:37 AM