I purchased your 2018 TurboTax (TT) Premier edition. So far it
has been working well except for one remaining item that has me stumped.
My wife’s Mother passed away in Sep
2017 and her estate (Survivor’s Trust) was settled in 2018. I ha...The
Trust’s final 1041 tax return was separately filed by her CPA on 6/21/18. The
numbers I entered from my wife’s paper K-1 into TT’s “Trust Fiscal Yr” form
(Part III) solely included my wife’s share of the Trust for Box 11A (Excess
Deductions on Termination) and Box 11C (Long Term Capital Loss Carryover).
Although TT properly transferred the
Box 11C amount to Schedule D, the Box 11A amount never made it .... See these instructions at
this link: https://www.irs.gov/instructions/i1041sk1
Please advise what I am doing wrong and instructions on how
to account for this significant “Other Itemized Deduction” that is not subject
to the prior tax year’s (2017) 2% floor.
Thanks in advance
