I am executor for an estate doing initial/final 1041 return. Decedent's home was sold. Sales price defines new basis. Closing costs were incurred and these show up on Form 1041 Schedule D, Line 16 as Net long-term capital loss. The Capital Loss Carryover Worksheet, Line 14 shows the same amount and the instructions say, "If this is the final return of the estate or trust, also enter on Schedule K-1 (Form 1041), box 11, using code C.
When I go to the Schedule K-1, box 11 is blank. According to the instructions, the Net long-term capital loss should show up here in box 11C.
If this is correct, how do I get it to show up?
If this is not correct, why?
Thanks.
