Question

turbotax business - grantor trust income statement

Forum|Forum|5 years ago
April 5, 2021
1 reply
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Turbotax Business Grantor Trust, how do i list ordinary and qualified dividends on the Grantor Information Statement without adding the two together? Do I have to list the separately or can i just list the ordinary amount and label as Total dividends?

TurboTax Business Windows

A

Anonymous_

You should list ordinary dividends and qualified dividends separately on the GIS so they can be entered separately on an individual income tax return.

B

bob942Author

If I list OD and the QD separately then they are added together and the total of the list is wrong and does match the amounts on the 1040 Form for personal tax. Does that make a difference when transferred to the 1040 Form?

B

bob942Author

If I list OD and the QD separately then they are added together and the total of the list is wrong and does {NOT} match the amounts on the 1040 Form for personal tax. Does that make a difference when transferred to the 1040 Form?