Hello. I have a Final K-1 form from the attorney on the estate. In lieu of putting an amount in box 11, the attorney typed "A*" and attached a statement including amounts with these descriptions:
Less: Total Deductions (Form 1041, Line 16) $xxxx
Deductions in Excess of Income (same amount as $xxxx)
Total Excess Deductions (same amount as $xxxx)
Beneficiary's Percentage 50%
Excess Deductions on Termination (50% of the amount above)
I have no idea how to enter this on Turbo Tax!
Please help!
