The program will guide you through distributing a long-term capital loss, which should appear on Line 11 (D code) of your K-1s.
You can make a gift to any individual or entity, but I am not sure why one would want to do so (i.e., the money "gifted" would wind up being distributed anyway and would actually be considered to be a gift to the beneficiaries).
If the decedent is owned money by the "donor", then that would not technically be a gift; it would be a repayment of a debt.
