Schedule K-1, Form 1041 (Estate/Trust)

[Bearcat252]

As a beneficiary of an estate that finalized in 2023, I received Schedule K-1, Form 1041.  I entered the information from box 11b in Turbo Tax.  11b is "Excess Deductions on terminations - Non-miscellaneous Itemized Deductions."  The amount did not carry over to any line-item on the tax return.  TT had a note which read:  "should be accompanied by a statement describing specifically the type of deduction included.  You'll need to enter the amount from the statement in the corresponding topic in TT."

The K-1 statement for 11b reads, "Taxes Portion of Excess Deductions on Termination:  Non-Investment Property Taxes Portion of Taxes."  I manually entered the amount in the Property Taxes section of TT, but there is no way to "accompany a statement describing the type of deduction."  Is this going to be a problem?  Or, is there a different way to handle this K-1, line 11b entry?  Thank you!

[tagteam]

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@Bearcat252 wrote:

Is this going to be a problem? 

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Most likely it will not. You reported the deduction in the proper section.