https://ttlc.intuit.com/community/taxes/discussion/final-k-1-from-trust/01/3028842#M1105138 <P>I received a final K-1 from a trust. I marked it final in Turbo Tax but the prior year losses aren't being released and it's only allowing a portion of the current year's loss.</P> Tue, 24 Feb 2026 05:07:18 GMT jlewis3133 2026-02-24T05:07:18Z https://ttlc.intuit.com/community/taxes/discussion/final-k-1-from-trust/01/3028842#M1105138 <P>I received a final K-1 from a trust. I marked it final in Turbo Tax but the prior year losses aren't being released and it's only allowing a portion of the current year's loss.</P> Tue, 24 Feb 2026 05:07:18 GMT https://ttlc.intuit.com/community/taxes/discussion/final-k-1-from-trust/01/3028842#M1105138 jlewis3133 2026-02-24T05:07:18Z https://ttlc.intuit.com/community/taxes/discussion/re-final-k-1-from-trust/01/3051464#M1114694 <P>If these are capital loss carryovers, then only $3000 can only be claimed yearly, if this is the portion of the loss you are referring to. The remainder of the losses are forever lost even if this is a final return.</P> Wed, 19 Apr 2023 20:51:20 GMT https://ttlc.intuit.com/community/taxes/discussion/re-final-k-1-from-trust/01/3051464#M1114694 DaveF1006 2023-04-19T20:51:20Z