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Business & farm
I have a Trust Grantor Statement which includes the value of the trust as of January 1 2020, the 2020 equity adjustment, the 2020 ordinary income, the ordinary income true up which is a loss and the cash distribution which was zero. Where do I report each of these values since they didn’t send me a schedule k1? Do I report the total final value of the trust as ordinary income?
May 13, 2021
9:13 PM