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Get your taxes done using TurboTax
Thanks for your patience.
I did see your post and am aware: "Note that the $3,000 loss limitation is not applicable since this is the final return and you are distributing the loss to the beneficiaries.", that's why I still keep asking how I get past Schedule D Part IV having to enter $3000 to show the greater loss to put on 1041, line 4. (Instructions say to do the Cap Loss Carryover worksheet, however there won't be a carry over since it's all being passed to beneficiaries).
I'm still unclear WHICH line(s) on 1041 I enter the loss amount. Yes, the sales commissions and selling costs were high!
‎April 5, 2023
12:32 PM