REIT became a liquidating trust, Grantor Tax Information Letter sent - where does the information go?

[mlevine2]

I already received a form 1099-DIV, confirmed I am not receiving a K-1, and the form states "This is important tax information, Enter the amounts listed below on your US Income Tax returns".

  On the lines where there are $ values to report, this is what it says - where should each of these items be recorded in the turbotax software?

• Capital Gains Information

  • Business Property Gain or Loss: If individual taxpayer, enter on Form 4797, Part I, Column G 

  • Unrecaptured Section 1250 Gain: If individual taxpayer, enter on Line 11 of Worksheet for schd. D, Form 1040, Line 19

• Miscellaneous Income Information

  • Partnership Income from Passive Activities: If individual taxpayer, enter on Sch E, form 1040, Part II 

• Qualified Business Income Information

  • Section 199A Qualified Business Income: If individual taxpayer, enter on Form 8995 

  • Section 199A UBIA: If individual taxpayer, enter on Sch E, Form 1040, Part II - it's a positive #

• Effectively Connected Income (ECI) Information)

  • Your Share of ECI from Underlying Assets 

[wshaedle]

I have the same question. Welcome any assistance.

[GarryR]

Same Question, need help

[wgreggking]

Same here, Grantor trust info letter no K1, for liquidating REIT trust . Cant make any sense of where to enter .

says to enter items interest income on, sch B line 2b

  partnership gain or loss,  sch D  part II line 12 col H

business property gain or loss, form 4797 pt 1 col G

 unrecaptured sec. 1250 gain, line 11 worksheet, sch D form 1040 line 10

 Partnership income from Passive activites, sch E 1040 part II

 sec 199A qualified business income, form 8995

sec 199A UBIA

Help!

[rwrosche]

Take a look at the last 2 pages of this thread. We think it may be close. None of us are experts.

https://ttlc.intuit.com/community/after-you-file/discussion/re-the-grantor-letter-or-information-she...

[davewatsontt]

Exact same question and, I'm betting, exact same liquidating trust!

[GarryR]

If this has to do with HGR Liquidating, call Investor Relations at [phone number removed].   Early this week the updated TurboTax instructions on how to input the info.   They will email it to you

[davewatsontt]

Thanks, will contact them. 

[Judfly]

why was the phone numer removed?

[DawnC]

For security reasons @Judfly  -  All phone numbers are auto-blocked.    I will link the SEC and HGR tax reporting information links below and you can ask questions here or start a new thread by clicking here.   

2020 Tax Information for HGR Liquidating Trust

SEC - Frequently Asked Questions HGR Liq. Trust

Excerpt from IRS Pub­li­ca­tion 550 (Invest­ment Income and Expens­es), page 21, with Investor Relations phone number below.