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Business & farm
What form or schedule are you referring to regarding Line 11, Code C?
In Sch D, Line 12, you can input long-term loss from Sch K-1s but it doesn’t ask if the K-1 is final.
My previous K-1s were reported on Schedule E. However, on the second line (under my name) is a caution. “The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K-1.” Can I use Schedule E for the final Grantor’s Statement, even though the trust didn’t issue a final K-1?
In Sch D, Line 12, you can input long-term loss from Sch K-1s but it doesn’t ask if the K-1 is final.
My previous K-1s were reported on Schedule E. However, on the second line (under my name) is a caution. “The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K-1.” Can I use Schedule E for the final Grantor’s Statement, even though the trust didn’t issue a final K-1?
June 6, 2019
9:37 AM