Grantor Letter

[RH73]

For an irrevocable trust we receive a grantor letter.   Some say to enter the data as if it came from a K-1.  Others say to enter the data as if it came from a 1099-INT, 1099-DIV, 1099-B, etc.  Which method is correct ... or does it really matter?

[Anonymous_ · Accepted solution]

It does not really matter, but many users find that a simpler procedure is to enter the information as if it were on a K-1 (the figures wind up in the same place, regardless).