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Negative Accounting income on final trust return
I'm filing the final return for a complex trust for my in-laws passing away. Everything was distributed in 2022 except for the inherited home and a little cash. The home wasn't sold until 2023 and there was a loss. When I get to the "Was all the trust's income distributed?" question, it asks if I distributed the negative income. If I say yes, it works but then the California return doesn't match. If I say a different amount, which should be zero, then it asks for tiers. There are no tiers, no distribution, except for the pass through of cash from the home sale. I know there should be a carry forward loss for the beneficiaries on their K-1. How do I make it match the California return? Thanks.
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‎February 7, 2024
2:13 PM