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How do I have all Income or Losses flow directly to a K-1 on a 1041 Grantor Trust?

RC18
Level 3
 
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sjrcpa
Level 15

As far as I know states follow the federal rules for Grantor Trusts. Check the instructions for your particular state.


Ex-AllStar

View solution in original post

3 Comments 3
sjrcpa
Level 15

You don't. If a grantor trust is filing a 1041, you get a Grantor Trust Letter which lists all the stuff to put on the Grantor's 1040.


Ex-AllStar
RC18
Level 3

This is also used for the State K-1 as well?

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sjrcpa
Level 15

As far as I know states follow the federal rules for Grantor Trusts. Check the instructions for your particular state.


Ex-AllStar