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M
marty124
October 11, 2023
Question

I completed an estate tax return that has a long-term capital loss but the amounts do not carry to the K1. Shouldn't they?

  • October 11, 2023
  • 1 reply
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There is only one beneficiary but his K1 shows blanks in all the amount boxes.

1 reply

A
Anonymous_
Employee
October 11, 2023
@marty124 wrote:
There is only one beneficiary but his K1 shows blanks in all the amount boxes.

If no figures are appearing in the K-1, did you make a distribution in the program (i.e., did you go through the distribution section)?

 

Capital losses are generally not passed through to beneficiaries on K-1s until the estate is terminated and the final return is filed (losses are held within the estate and passed through on its final 1041).

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