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Level 2
March 9, 2022
Question

1041 concerns for trust

  • March 9, 2022
  • 1 reply
  • 10 views
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    1 reply

    Level 15
    March 9, 2022

    You could not possibly have generated a 1041 with an online TurboTax program.

     

    If you have a 1041, you should either have a K-1 or, more likely, a grantor information statement (since it appears as if you have a grantor trust).

     

    Level 15
    March 9, 2022

    If this is a grantor trust (presumably), then you need to enter the information from the statement into your personal tax return (or use the tax reporting statements if you have them).

    Level 2
    March 9, 2022

    Where on the tax return is the Grantor Letter information entered?