Grantor Letter for Wind Down Trust

Forum|Forum|1 year ago
March 11, 2025
1 reply
1 view

I received a grantor letter for a wind down trust. The letter includes interest income, attorney/accountant fees, other general and administration expenses, and realized loss on marketable securities. Other posts suggest entering this information on 1041 as if I had received a K-1. When I do this, I can enter the interest in box 1 and the realized loss from marketable securities in box 5 (other portfolio and nonbusiness income), but where would I enter the attorney/accountant fees and the administrative expenses? Is this even the right way to enter this information?

RobertB4444

Level 15

That is the right way to enter that information.

Unfortunately the attorney/accountant fees and administrative expenses aren't deductible to individuals so don't get entered. Just enter the interest income and capital losses and you're all set.

@MrK3

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"