RobertB4444
Expert Alumni

Get your taxes done using TurboTax

Since the trust is using the husband's social security number then there is no need to issue two K1's for him.  You can just transfer the wife's interest to him.  Mark the wife's K1 as final but do not convey any of the suspended losses to her.  Then the activity will all be under husband's social and can be combined on one line.  

 

@vidi 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post