@taxdean wrote:
.....can someone advise me as to which rows on the Schedule K-1 will be filled in....
From what you described, the only line that will be populated on the K-1s is Line 11 as there is neither income nor gain (only a net capital loss and final year deductions).
Therefore, Line11 (with a D code) should be populated with a long-term loss. Also, Line 11, with either an A or B code or both, should be populated depending upon the type of deductions the trust incurred.
