How to report dividends earned by investments held in trust on my personal tax return?

[PeggyG]

We transferred some investment assets to a Keystone (grantor) trust last year. I understand that the interest/dividends from these investments should be reported on our personal tax return. What's the best way to do that within TurboTax? How do I identify that those dividends were earned by the trust investments vs. our personal investments, since the transfer occurred mid-year.

[AmyC · Accepted solution]

The trust is required to file a tax return by March 15. When the trust files, it includes K-1 forms for each beneficiary. The K-1 is reported to the IRS with the return. Those forms will be distributed and your K1 will go on your personal return which is due by  April 15.