Data sharing and reporting grantor trust data

Per the IRS Form 1041 instructions, a grantor trust may file Form 1041 or use an optional filing method that doesn't require filing Form 1041. UltraTax CS only supports the filing Form 1041 method using a separate employer identification number (EIN) issued to the trust. Presumably, all trust activity is reported to the IRS with the trust's EIN, not the grantor' social security number. Therefore, to avoid IRS-matching problems, grantor trust data will be shared to the K1T screen, located in the K1 1041 folder. This will result in summarized reporting of the grantor trust data on the grantor's Form 1040.
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