Deductions & credits

To get either deduction you must indicate it is the final K1 AND for code A you must be able to itemize deductions ... 

 

A Excess deductions See the beneficiary's instructions :  If this is the final return of the estate or
trust, and there are excess deductions on termination, you may deduct the beneficiary’s share of the excess
deductions on line 16 of Schedule A (Form1040).  

 


B Short-term capital loss carryover Schedule D, line 5 ... look on the Sch D for this amount