If I receive a Form k_1 showing a capital loss from a trust but I have no capital gains do I need to report it on my personal 1040?

[marydbarker]

It is reported in box 12"alternative minimum tax adjustment"

[tagteam]

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@marydbarker wrote:
It is reported in box 12"alternative minimum tax adjustment"

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Then, yes, you should enter the information from the K-1 into your individual income tax return since the adjustment on Line 12 could create a scenario which would subject you to AMT.

Moreover, the IRS has a copy of the K-1 and it is possible that you could receive a letter if you do not report the K-1 on your return.