Hi,
My wife's grandparent set up a trust for her 30 years ago. The grandparent has passed away since then. My wife is the beneficiary, but don't have access to the full amount in the trust until she turns 35. My wife gets a package every year for tax filing. I have no problem filing the k-1 in there with TurboTax Premier. However, there is a GRANTOR TAX INFORMATION (GTI) LETTER in the package. If I understand it correctly, the grantor of the trust is her grandparent which has passed away. My wife is the beneficiary who only get small amount of dividends from he trust every year. Should we do anything with the GTI letter?
