Still not sure how to proceed to make this correct. 1041 shows a loss to be shared by the beneficiaries. How do I prevent the losses from flowing to the K-1 because of personal use? Can I close out the Estate Return when there remains a loss for 2025? Not sure if I should adjust the expenses of the sale to create a wash or make an adjustment to the K-1?
Any help from you will be appreciated.
Pattie
