I have a K-1 (1041) from the final year of a trust in which has an amount in box 11, code A (Box 11, Code A—Excess Deductions on Termination - Section 67(e) Expenses). The IRS says:
- If this is the final return of the estate or trust, and there are excess deductions on termination that are section 67(e) expenses reported to you as a beneficiary, you may deduct the excess deductions shown in box 11, code A, as an adjustment to income. Report this amount as a write-in on Schedule 1 (Form 1040), Part II, line 22. On the dotted line next to line 22, enter the amount of the expense using the code "ED67(e)". Include the expense in the total amount reported on line 22.
How in the heck are you supposed to input this into TurboTax? I'm using Premiere and I have no way to override the amount on line 22. or enter anything on any dotted line. I saw some unsatisfying discussion on how to handle this in the 2019 version, but nothing yet for 2020.
