@user17717838145 wrote: I'd have to review the entire return to find capital gains... Just check Schedule D. @user17717838145 wrote: the K-1 issued to each beneficiary states t...
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@user17717838145 wrote: I'd have to review the entire return to find capital gains... Just check Schedule D. @user17717838145 wrote: the K-1 issued to each beneficiary states the same $2,352 as to be directed to each 6 of us. As for "carrying forward", this is the final filing as she passed away in 2024 & the trust was closed... Did you enter the figures on your K-11 correctly and indicate this is the final K-1? Also, the carryforward is in reference to your individual income tax return, not the trust. Finally, the $2,352 capital loss should be able to be used to offset your other income, regardless of type, if you have no capital gains (you're allowed up to $3,000 after offsetting capital gains).