Solved
The final return for the trust has a Net Operating Loss. How do I get TT Business to transfer the NOL to the beneficiaries via the K-1 line 11?
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First, make sure the trust actually has an NOL and not another type of carryover loss, such as a capital loss carryover.
See https://www.irs.gov/publications/p536#en_US_2022_publink1000177329
Also, make sure you made a distribution and note that you can enter the percentage for each beneficiary on the K-1s in the Beneficiary's Allocation Smart Worksheet.
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