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Using TT Business for Trust return. 2019 return has capital loss carryover. Where to enter in TT Business 2020?
I am doing the 2020 return for a trust using TurboTax Business. Last year (2019) the return was complicated due to real estate transactions, and we hired an accountant to do the return. Bottom line was a capital loss on the real estate sale that was not distributed on K-1s. The accountant said this amount would continue to carried over and not distributed until the trust is closed. How do I enter this capital loss amount in TurboTax Business 2020? TurboTax online help is not helpful, so any help will be appreciated.
Thanks!
Dan
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March 21, 2021
9:53 AM