Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
nolajudd
New Member

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

 
3 Replies
tagteam
Level 15

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

Did you have a question about a grantor information letter?

nolajudd
New Member

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

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

tagteam
Level 15

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


@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).

 

 

Dynamic AdsDynamic Ads
Privacy Settings
v