I received a Grantor Trust letter for a tax return for a new client. All income, dividends, etc went on the 1040 as letter stated. The info provided also included a PA RK 1 for the trust. When I reviewed returns prpepared by the previous preparer, they did not use the PA RK 1 info, which was vastly different then the Federal. I know PA does not recognize a revocable Grantor Trust, but does anyone know why the PA RK 1 would be ignored for reporting?
Any advice or insight greatly appreciated!