Grantor Tax Information Letter Short- and Long-Term Capital Loss to be reported on SCH D, Parts I, Line 5 and II, Line 12

[tagteam]

Did you have a question about a grantor information letter?

[nolajudd]

I received the letter, but do not know how to enter the SCH D information on the lines they dictate in TurboTax.

[tagteam]

---

@nolajudd wrote:

I received the letter, but do not know how to enter the SCH D information on the lines they dictate in TurboTax.

---

Enter that in the Investment Income section under Stocks, Mutual Funds, Bonds, Other.

If the letter provides you with limited information (such as amounts only for long-term and/or short-term gain), then you can enter those items in the same manner as if you had received a K-1 (click the Start or Update button to the right of Schedule K-1 and select Estates or Trusts (Form 1041).