Can I report it on my 1040 form? Which line do I use?
You'll need to sign in or create an account to connect with an expert.
" Can I report it on my 1040 form? Which line do I use?"
If the Form has your social security number on it, you can file it on your Form 1040.
Click the Search box, enter "1099r", and then click "Jump to 1099r" (see screenshot).
If, for whatever reason, you received an EIN for your trust and the 1099-R has that EIN, then you should report as a grantor trust on Form 1041.
See https://www.irs.gov/instructions/i1041#idm140630131849312
" Can I report it on my 1040 form? Which line do I use?"
If the Form has your social security number on it, you can file it on your Form 1040.
Click the Search box, enter "1099r", and then click "Jump to 1099r" (see screenshot).
If, for whatever reason, you received an EIN for your trust and the 1099-R has that EIN, then you should report as a grantor trust on Form 1041.
See https://www.irs.gov/instructions/i1041#idm140630131849312
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Rhone07
Level 3
TaxStudent200
Level 2
blueskyus01
Returning Member
ritaburd
Returning Member
HariOm
New Member