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Level 2
January 20, 2021
Question

Grantor Trust

  • January 20, 2021
  • 1 reply
  • 4 views

Where do I report prior year passive losses on a grantor trust?

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1 reply

sjrcpa
Level 15
January 20, 2021

They'd be on the Grantor's tax return, Form 8582. As a Grantor Trust is ignored for income tax purposes, specifically they'd be in rental screen, K-1 screen, etc as appropriate.

The more I know the more I don’t know.