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figmentty
New Member

Does anyone know about Schedule K-1 for Estates?

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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JaneK
Returning Member

Does anyone know about Schedule K-1 for Estates?

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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JaneK
Returning Member

Does anyone know about Schedule K-1 for Estates?

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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