Investors & landlords

Per the instructions for schedule K-1 of Form 1041, you are to enter the excess deductions on termination of a trust in box 11 of schedule k-1 and use the code "A". You can do that on the form in TurboTax. The instructions do not mention the form 4592, only that you report the adjustment on Schedule 1 of form 1040, Part II, line 24(k). Once you input the K-1 schedule into your personal TurboTax program, with the box 11, code "A" entry, it will flow to line 24(k) on your schedule 1.