I have an amount in box 11 c on a schedule K-1 for estates. I entered the amount into the program and then I am asked a question about passive loss carryover for 2016. Which as far as i know is 0. I'm assuming i just either leave it blank or put zero in. My Schedule E page 2 only has the estate name and the EIN and nothing else. The amount in box 11 c shows up on Schedule D. Do I need to do anything else with it?
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If your 1041 ( estates) Sch K-1 information only have box 11c ( long term capital loss carry over ) and nothing else, then your Sch E page 2 Part III will only report the Estate name and EIN. The amount in box 11c is reported on Sch D line 12 ( Net long term capital gain or loss from partnership, S-corporation, Estates and Trust Sch K-1's).
If your 1041 ( estates) Sch K-1 information only have box 11c ( long term capital loss carry over ) and nothing else, then your Sch E page 2 Part III will only report the Estate name and EIN. The amount in box 11c is reported on Sch D line 12 ( Net long term capital gain or loss from partnership, S-corporation, Estates and Trust Sch K-1's).
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