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Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

The rental property was the Grantor's primary resident before she was placed in a memory care facility.  The property was signed over to the Trustee (Quick Claim Deed) and placed with a realtor and rented.  I prepared a schedule E so that I could determine the profit or loss and calculate the depreciation so that I could put that information in the Grantor's letter that is attached to the 1041 return.  I'm using TurboTax Business (Windows) and there doesn't appear to be a way to generate a rental schedule E with that software.  I had to manually generate it.  Now I appear not to have a way to add it to my E-File return.  I will manually file it, but I need to know what documents to file with my return.  Just the form 1041 and the Grantor Letter or the 1041, Grantor letter, and the schedule E?

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Accepted Solutions

Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

9 Replies

Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

 

Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

Is it possible to complete a form 1041 for grantor trust in Turbo Tax for home and business?

Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

 

Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

Thank you. After reading more I don't think we as receivers of a Grantor Letter need to use Form 1041. Where do I put the information from the Grantor letter in Turbo Tax Home & Business? Passive Loss from Rental Real Estate & Depreciation Attributable to Passive Activities.

Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

 

Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

I went to my Turbo Tax and entered info in Rental Property location. It doesn't ever ask about it being a trust and was preparing a schedule E. Do you still think this is the correct steps to report Grantor Letter Passive Loss and Depciation attributable to passive activities

Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

 

Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

Will a screen with passive loss carryover show up after I complete the rental property information? I don't see a 'skip to' option to get to a passive loss carryover page in the search.

Do I need to file a schedule E with the form 1041 for a Grantor Type Trust that contains a rental property?

 

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