I need further information. I have a federal statement that accompanies the K1 form that states the following:
Schedule K1 Box 11 Code B - Excess Deductions: Non-Miscellaneous Expenses
Description
Adjusted Total Income from Form 1041, Line 17
Add: Net Capital Loss
Allowable Excess Deductions on Termination
Less: Portion Attributable to Section 67(e) Expenses
Allowable Excess Deductions - Code B
Beneficiary's Portion
Where do I enter this information? The Turbo Tax program asked for this information, but after following the 'tools' 'capital' 'capital loss' instructions did not lead me to a place to enter this information. Please advise.
