JaMorri
Level 2
02-16-2021
03:34 PM
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THE TRUST HAS A CAPITAL LOSS CARYOVER FROM A PRIOR YEAR IN EXCESS OF $41K. THE CAPITAL LOSS DEDUCTION IS CORRECTLY LIMITED TO $3K ON THE FORM 1041, PAGE 1 LINE 4. HOWEVER, THE CAPITAL LOSS CARRYOVER WORKSHEET IS NOT REDUCTING THE CARRY FORWARD TO NEXT YEAR BY $3K. HAS ANYONE ELSE RAN INTO THIS ISSUE?
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