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IRC SECTION 212 INCOME AND EXPENSES. Where do I enter these amounts. Tax payer has interest in a foreign trust. Thanks in advance, Christopher

chapguy19
Level 4
Both expenses and income are less than $1000.
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1 Solution

Accepted Solutions
sjrcpa
Level 15

The income is entered as interest, dividends, other portfolio income as appropriate.

The expenses are not deductible.


Ex-AllStar

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1 Comment 1
sjrcpa
Level 15

The income is entered as interest, dividends, other portfolio income as appropriate.

The expenses are not deductible.


Ex-AllStar