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Okay. This did not answer the question. Not the last year of the trust. K-1 is blank. Rental property sold at a loss which is more than the trust income but software continues to assign the depreciation to the beneficiaries but K-1s are blank so it is not really assigning it and carry over loss is reduced by this depreciation that it thinks is assigned to the beneficiaries but K-1s are blank. Basically there is no income so why is the software assigning the depreciation to the beneficiaries??? Okay to override and assign it to the trust? So the depreciation should follow the negative income? Is that what you are trying to say?
‎February 7, 2020
7:18 PM