For an irrevocable trust we receive a grantor letter. Some say to enter the data as if it came from a K-1. Others say to enter the data as if it came from a 1099-INT, 1099-DIV, 1099-B, etc. Which method is correct ... or does it really matter?
It does not really matter, but many users find that a simpler procedure is to enter the information as if it were on a K-1 (the figures wind up in the same place, regardless).
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