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Deductions & credits
@Fred53 wrote:
Do I still have to identify the beneficiaries and subsequent K1s, as there was a net loss to the estate for the year?
You should identify the beneficiaries; since this is the final return, the net loss (excess deductions) will be passed through to the beneficiaries on their K-1s, even though they likely will not be able to use them.
‎January 23, 2020
2:35 PM
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