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Get your taxes done using TurboTax
The only negative number you should be seeing on the final return on Line 23 should be as result of the trust's exemption.
If there is a net loss somewhere (such as an NOL), that should have been distributed to the beneficiaries on their K-1s and should not appear on Line 23, assuming a correct distribution was made.
‎February 28, 2025
5:32 PM