3520, Part II, Line 20

Technical topics regarding tax preparation.
#1
supdat  
Posts:
619
Joined:
25-Apr-2014 2:11pm
Location:
New York
Part II line 20 for ownership of foreign grantor trusts now requires that the filer themselves be listed as one of the owners, even though you are already reporting that the filer is the owner of the grantor trust. A subtle yet annoying and seemingly unnecessary change from prior years. My tax prep software is not automatically picking it up, and I had to manually enter the taxpayer's information.
 

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