Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Grantor Trust - statement of income

nolanm
Level 4

Hi all

I have prepared the 1041 for a grantor trust, and entered the income (interest and dividends) on the grantor worksheet. This income will not appear on the 1041, but will appear on the grantors personal 1040 filing - I believe this is correct?

The cpa who prepared the trusts 1041 last year attached a descriptive statement detailing the income (was just interest last year) and the source, and attached this statement to the 1041 return. Is this statement available in Proseries? Or do I just create a template in word, similar to 2019, manually enter the income details and attach to the 1041?

Thanks for any advice

Nolan

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here