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?
You'll need to sign in or create an account to connect with an expert.
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).
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Anjin San
New Member
teto1376
New Member
jcsmile312
New Member
taxhelp19
New Member
vfu
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.