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Get your taxes done using TurboTax
A couple of things to check. Switch to the forms mode by clicking on forms in the upper right hand corner of TurboTax.
On the left hand side you will see a list of forms. Click on the Schedule K-1. Check to make sure that you have an entry in Line B of the Beneficiaries Allocation Worksheet. If this does not correct the issue or you have an entry in Line B then click on Dist Inc K-1. This worksheet should show the amount of the loss for the home on line 4. If there is not an amount there enter the amount of the loss.
If this is the is the final year of the estate the amount for the loss from the house should show on line 11 with a code C.
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March 14, 2020
6:52 AM
3,399 Views