Estate 1041 K-1 Box 11C

[dgreertax1]

I am executor for an estate doing initial/final 1041 return.  Decedent's home was sold.  Sales price defines new basis.  Closing costs were incurred and these show up on Form 1041 Schedule D, Line 16 as Net long-term capital loss.  The Capital Loss Carryover Worksheet, Line 14 shows the same amount and the instructions say, "If this is the final return of the estate or trust, also enter on Schedule K-1 (Form 1041), box 11, using code C.

When I go to the Schedule K-1, box 11 is blank.  According to the instructions, the Net long-term capital loss should show up here in box 11C.

If this is correct, how do I get it to show up?

If this is not correct, why?

Thanks. 

[anne-e-smith]

Thank you.  I just went and manually entered these, even though the step by step already asked me and failed to flow through.  It did allocate final expenses, but still fails to carryover LT Gains/losses. .  I just don't want to play accountant and try to figure out where to put things on the K1!  Thanks again.
UPDATE - it looks like it did, but not to the section where I expected it.  so this might be resolved.  The whole thing could be avoided if TTax just carried through the % for beneficiaries that you input.

[dgreertax1]

The estate has $420 misc income (insurance premium refunds).  Sadly, adding another $1 didn't help.  It took $4910 in added income ($5330 total) to make it work.  That's just weird.  Can I just manually complete box 11C on the K-1 with the correct carryover?

[dgreertax1]

Each of 3 beneficiaries shows a $28,000ish distribution from sale of house.  This shows up on the "Smart Worksheet for Schedule K-1 / Beneficiary's Allocation Smart Worksheet" but it does not flow to the K-1.  I presume this is due to stepped up basis that "zeros out" this distribution.  $420 non-passive income (insurance premium refunds I categorized as misc. income) shows up on the "Distributable Income for Schedule(s) K-1" but that's wiped out by $5300ish in itemized deductions (e.g. attorney fees, closing costs on  house) leaving -$4880ish (loss) that the program categorizes on the "Amounts to Allocate to Schedules K-1 Worksheet" as "Excess deductions on termination".  Maybe that's why the program is requiring $4900ish more income to populate the K-1?   If I delete all the itemized deductions, the capital loss from the house sale DOES flow to the K-1, along with the $420 non-passive income but I don't see why I should have to do that.  When the return is printed out with data as originally entered, everything foots up just fine.  I going to print the return anyway (as opposed to having to scan and attach a signature page to e-file as per instructions), so I'm leaning toward just manually correcting box 11C on the K-1s and putting a stamp on it.  Thanks so much for your follow through!

[anne-e-smith]

Sadly this bug was never addressed. I have a final year return, and nothing is flowing to K1s.

[javaengineer]

Still a problem in TT Business 2019 as of 2/2/2020.  The workaround maybe works, but people paying an extra $110 for TT Business because they are an executor of someone's estate shouldn't have to be doing all this extra research and workarounds: that's why we buy TurboTax!  I've been looking at this all day and I'm still not done.  Can I send Intuit a bill for all the hours I have invested that wouldn't need to have been invested if not for this bug?  Because my time is valuable and at this point, I think I would be financially ahead if I had hired someone to do the estate taxes, rather than paying for TT Business Edition for two years in a row.

[alliesma]

I am having the same issues

[FormerTaxPro]

Same issue. LTCL on sale of home and excess deductions are not flowing through to beneficiaries' K-1's (Boxes 11c and 11a) as of 02/07/2020. It's still a bug, and TurboTax needs to get its act together.