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Deductions & credits
You might want to contact the trustee (or responsible party) for clarification.
Final year deductions are, indeed, entered on Line 11 of your K-1 but they are separated by codes.
See https://www.irs.gov/instructions/i1041#en_US_2022_publink100011524
For example, an NOL would appear on Line 11 with an E and F code.
March 27, 2023
10:35 AM