Skip to main content
February 24, 2025
Question

negative numbers

  • February 24, 2025
  • 1 reply
  • 0 views

The K-1 I received from a trust shows a net zero investment income. It has a value on line 5 and the negative number with that value on line 14  under H for Section 1411 adjustment. I can't enter a negative number on line 14. I'm taxed on the value with no offset. What can I do? Should I just skip the form? 

    1 reply

    PatriciaV
    Employee
    February 24, 2025

    You may need to manually enter the amount from Schedule K-1 Box 14 on Form 8960 (see IRS Instructions for Form 8960 Line 7).

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"