dickeyb
New Member

Business & farm

This is a 2018 Schedule K1 (form 1041).  This is from my mothers trust.  By the time the estate was settled there was no income distributed and all money went to pay her final expenses. I would guess the expenses was the deductions that were distributed to her Heirs and shown as 11A-
Excess deduction and 11C - Long term capital loss carryover.