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Trust as sole beneficiary of estate in final year

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Level 1

Do an estate's final year NOL carryovers and (non-deductible) excess deductions flow out to trust beneficiaries?  I see no rules excluding trusts, but Lacerte's fiduciary program has no 1041 K-1 input fields to support it. The input skips right to line 11C and then 11F.

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Level 14

 Yes they flow out to a trust beneficiary. Lacerte is lacking in the pass through income and deductions to pass through entities. Enter the  NOL in Screen 33.

If yo think  the excess deductions are deductible, find a place to enter them in Screen 32.


ex-AllStar