Question

What is the difference between Code d and e on Line 11 of K1 (for Estate 1041)?And is the deduction amount entered as a negative number?

Forum|Forum|7 years ago
June 4, 2019
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TurboTax Self Employed Online

Enter the Box 11 amounts as a positive number. TurboTax knows it is a deduction. Check your Wages & Income, Your Income screen. You should see the deduction under the heading Net Operating Loss. Here the difference in the Code d and e. Enter them both separately, of course.

Code D - Net operating loss carryover — regular tax

Code E - Net operating loss carryover — minimum tax

Let me know if you have more questions.