topic Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme.. in Get your taxes done using TurboTax

Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

timitty2 — Wed, 11 Feb 2026 10:50:40 GMT

The Grantor letter has this info in it: Interest income Passive income loss qualified bus income deduction section 199A IRC section - section 163(J)(3) share of trust gross receipt

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

Anonymous_ — Sat, 21 Dec 2024 18:12:35 GMT

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

Anonymous_ — Sat, 21 Dec 2024 18:12:48 GMT

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

timitty2 — Sun, 06 Oct 2024 19:57:49 GMT

thank you but do you know about all the other info they sent me and how i enter it? I thought TT Premier would of handle anything, I'm surprised they don't have a special place for this type of form/letter.

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

Anonymous_ — Sat, 21 Dec 2024 18:14:33 GMT

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

Anonymous_ — Sat, 21 Dec 2024 18:14:44 GMT

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

Mike9241 — Sun, 06 Oct 2024 22:59:03 GMT

i 'm not understanding your situation. you talk about a PONZI loss which you take a deduction of form 4684 and for which you probably should consult a pro. then you talk about IRC 163(j) which is a limitation on business interest without clarifying whether this is in relation to the PONZI scheme. Then there's the 199A issue. There would be no 199A loss if this is from a PONZI scheme.

We can't see the grantor trust letter and I don't understand everything that took place within the trust.

however, a grantor trust is a disregarded entity, so in short, the information would be entered as if there was no trust

for example, interest income would be entered for each payee on a form 1099-int

security sales would be entered through form 8949/schedule D

the PONZI scheme loss would be reported on form 4684 there are multiple options

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

timitty2 — Mon, 07 Oct 2024 01:13:18 GMT

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

timitty2 — Mon, 07 Oct 2024 01:16:53 GMT

I attached the info from the grantor letter that I'm trying to add to turbotax. Please discard what i said about ponzi, that was taken care of. Can you help me?

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

Anonymous_ — Sat, 21 Dec 2024 18:14:57 GMT

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

timitty2 — Mon, 07 Oct 2024 02:11:08 GMT

Someone else already mentioned hat I code for 199A. Do you or someone else have any idea about that wages figure???

Re: Where to enter Grantor Letter Info. from a trust handling a investment we made which turned out to be a ponzi scheme..

Anonymous_ — Sat, 21 Dec 2024 18:15:18 GMT