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Trust "excess deductions on termination"
It appears 2020 TurboTax Business has not updated input for the TD9918 Final regulations (Sept 2020) for reporting "Excess distributions upon termination" - 67(e) expenditures. These amounts should flow through to Box 11, Code A. How do you designate "Other Deductions" as 67(e)? Also how can you add a description to Box 11, Code B - as required by the IRS?
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‎February 25, 2021
4:36 PM