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March 11, 2025
Question

1041 beneficiaries sale of the estate is not transferring the information to the K-1in TURBO TAX

  • March 11, 2025
  • 1 reply
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I am doing the taxes of my mom's estates in turbo tax business and the information on the 1041 is not transferring the data to the K-1? we do have a capital loss.  Help. 

thanks 

    1 reply

    M-MTax
    March 11, 2025

    You need to make some sort of distribution in order for the loss to pass through to the beneficiaries.

     

    This is a program issue, I believe, so try making a nominal distribution of $1 and see what happens.