@vze56v6x wrote:
- The closing costs from the sale of the home were added as a capital carryover loss by turbo tax.........
- Will turbo tax automatically create the Schedule K1’s at the end?
TurboTax will create K-1s provided you make distributions to the beneficiaries.
If you do not make distributions to the beneficiaries, then you will see that carryover loss on the 1041 worksheet(s) and note that this is the final return which means you must distribute the remaining assets.
