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February 23, 2025
Question

form 541 for grantor trust

  • February 23, 2025
  • 1 reply
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completed taxes as fiduciary. filing instructions says attach K-1 but none printed or available.  Trust had only 1 1099 composite.  Why no K-1, how do I file.

Thanks

1 reply

M-MTax
February 23, 2025

K-1s are not generated and issued for grantor trusts. Rather, owners receive a GIS (grantor information statement).