Nice Explanation and Example. Thank you! Can you please make a video on how to treat the tax exempt interest, bond premium, US obligations, Acquisition premium and OID?
If a grantor trust which has an EIN, with 2 grantors, and trust only has dividend income, does the grantors statement need to show 50% for each spouse if they are filing married, jointly on their 1040-SR? And if there is an apartment in the trust, where the grantors are living in, no income, we do not have to report any prop taxes for property on the grantor statement as well? Thank you very much for your informative content! Very much appreciated
Every tax preparation software is different. If you have a Schedule K-1 from an S corporation and need to process it through a grantor trust Form 1041, you might have to manually enter the figures.
Thank you Jason. A great help clarifying this form and basics for our Grantor Trust.
Nice Explanation and Example. Thank you! Can you please make a video on how to treat the tax exempt interest, bond premium, US obligations, Acquisition premium and OID?
Yes!
Your videos are very helpful!
Can you do a video for a supermarket that is filing form 1120 or 1120-S. Really appreciate it.
great video and very helpful!! can you make the documents available for printing so I can make notes on them?
Hey Jason, What would be the difference between dividends and extra ordinary dividends and how they are reported for a complex trust?
Why does he have to report on his own ssn ? I want to understand please and thank you
If a grantor trust which has an EIN, with 2 grantors, and trust only has dividend income, does the grantors statement need to show 50% for each spouse if they are filing married, jointly on their 1040-SR? And if there is an apartment in the trust, where the grantors are living in, no income, we do not have to report any prop taxes for property on the grantor statement as well? Thank you very much for your informative content! Very much appreciated
How does this Schedule C link to John's personal 1040 and state? Thank you.
What to do if there was no business and no employees?????
Is there anyway you can provide me with a software to file the taxs electronically?
How we import data From 1120s to 1041..
Every tax preparation software is different. If you have a Schedule K-1 from an S corporation and need to process it through a grantor trust Form 1041, you might have to manually enter the figures.