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Level 1
June 1, 2019
Question

After putting in a k1 from a trust - system asks to enter your passive loss carryover. Is this the taxpayers passive loss carryover or the trusts passive loss carryover?

  • June 1, 2019
  • 1 reply
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1 reply

Level 8
June 1, 2019

It is your personal carryover.  The trust tracks its carryover on the tax return it files.