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- I am preparing a final year tax return 1041. I have current year LT losses that are not showing as LT loss on the K-1, they are being forced onto Line 11 Code D. This is not a loss carryforward it i...
I am preparing a final year tax return 1041. I have current year LT losses that are not showing as LT loss on the K-1, they are being forced onto Line 11 Code D. This is not a loss carryforward it is a current year loss.
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Lisa59
Level 1
03-21-2023
04:31 PM
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jdeleo1743
Level 2
03-21-2023
06:00 PM
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That is proper way to report the loss. The beneficiary succeeds to the loss in the final year. They pick it up on their schedule D.
