Import txf for 2 k-1’s after transfer to revocable trust

user17744066653 · ‎March 24, 2026

Tax return is typically prepared using the import TXF function into Turbo Tax. Several PTP’s were transferred to a revocable trust midyear, so 2 k-1’s were provided for each PTP.
Do the k-1’s now need to be entered manually?
If the transfer is changed to an effective date of 12/31/25, is the problem solved?

Mike9241

was the trust assigned a separate tax id number? if so, you should now prepare a grantor trust 1041 not only for the K-1s but also for all other income and deductions being reported using the trust's EIN. However, from a tax standpoint for your personal return, nothing has happened.

not knowing which is the case, it's difficult to give advice.

this is from a law firm's opinion on filing a 1041 for a grantor trust

the first method is filing a grantor trust 1041

.

The second method is an alternative procedure that allows the trustee to bypass the filing of Form 1041 entirely. The trustee must instead furnish the name, address, and SSN of the grantor to all payors of income to the trust during the tax year. This directs payors, such as brokerage houses or banks, to report the income directly to the grantor’s SSN on Forms 1099.

This approach requires the trustee to ensure that all income is correctly attributed to the grantor from the outset. The grantor reports the trust’s income directly on their personal Form 1040. This method is preferred for its administrative simplicity, eliminating the need for a separate Form 1041.

The most streamlined alternative method involves using the grantor’s SSN with the payors. This alternative method is available only if the trust is owned by a single grantor or by a married couple filing a joint return.

user17744066653

Thank you for the detailed reply.
No, a separate tax ID # was not issued for the revocable trust. Single taxpayer.
K-1’s show taxpayer’s Social Security number on the K-1’s for the trust.

In addition to the tax treatment question, I am also asking for clarification on how I can import the TXF files. Guessing the K-1’s will have to be entered manually.