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lynch6-1
Level 2

Should a loss on a K-1 Estate rollover to Line 17 of the 1040.

 
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CherylW
Level 3

Should a loss on a K-1 Estate rollover to Line 17 of the 1040.

Yes.

Line 17 of the 1040 is where it should go.  It gets reported on Schedule E first, then carried over.

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3 Replies
CherylW
Level 3

Should a loss on a K-1 Estate rollover to Line 17 of the 1040.

Yes.

Line 17 of the 1040 is where it should go.  It gets reported on Schedule E first, then carried over.

lynch6-1
Level 2

Should a loss on a K-1 Estate rollover to Line 17 of the 1040.

Should I complete a K-1 worksheet and then a Schedule E?  This is from my mother's estate which we have a loss this year of 1104.
CherylW
Level 3

Should a loss on a K-1 Estate rollover to Line 17 of the 1040.

If you have a K-1 for her estate, then  

1.  Click Federal on the left-hand side menu.
2.  Click Income & Expenses across the top.
3.  Scroll down to S-corps, Partnerships, and Trusts and click Show more.
4.  Click Start or Revisit by Schedule K-1.
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