I have a Form 1041 Schedule K-1 (Final) from an estate. Box 14 code H is a negative number. TT then asks about passive loss and qualified business income carryovers.
This is the first time I've received this form from the estate. Do I just leave the carryovers blank? If not, where would I get this information?
011191
1 Best answer
Anonymous_
Level 15
Mar 9, 2022 7:22:10 PM
Line 14H is an adjustment to the NIIT and may not apply to you.
Otherwise, you can skip the rest.
1 Replies
Anonymous_
Level 15
Mar 9, 2022 7:22:10 PM
Line 14H is an adjustment to the NIIT and may not apply to you.