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Investors & landlords
Hmm. Yes, it is a final return. If not this form, where else would the estate tell me about the losses in income, dividends, etc.? The IRS instructions for K-1 specifically mention loss carry over and the 1041 K-1 is also meant to document and communicate deductions (right above all the boxes "Income, Deductions, Credits, and Other Items"). The problem is not the form I received, it is that there is no provision in TurboTax to claim deductions from an estate. Even forgetting if the form is right or wrong, where/how would I claim these deductions in TurboTax?
‎April 11, 2023
9:44 AM