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