I've attempting to enter a 1041 and K-1 from a family trust that ended in 2023 into my personal tax return. l am one one of three beneficiaries (along with my 2 brothers) who show a signifcant LOSS in this final year of the trust. I'm hoping to utililize this loss to offset any personal gains and reduce my taxes accordingly. However, when I enter the 1041 and K-1 into the Wages and Income section. It only asks for the trust name and fails to ask for any specific income/loss information about the trust. Any suggestions??
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An IRS Schedule K-1 (1041) must be reported in TurboTax Online Premium.
See this comparison of the Online products.
The K-1 is entered
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