topic Re: Schedule K-1 Box 11 Code B Question in Get your taxes done using TurboTax

Schedule K-1 Box 11 Code B Question

in2infinity — Tue, 14 Apr 2026 03:43:51 GMT

I have a Schedule K-1 with box 11 Code B

The provided description reads:

Schedule K-1, Box 11, Code B - Excess Deductions; Non-Miscellaneous Expenses

Adjusted total income from 1041, line 16 -1000

add: net capital loss 100

allowable excess deductions on termination -900

Less:portion attributable to section 67(e) expenses : 100

allowable excess deductions - code B -800

Beneficiary's portion: 267

Instructions say to put this as a non-miscellaneous deduction on schedule A. I believe that I would apply the beneficiary portion ($267) somewhere, but I don't understand where. Since it's non-miscellaneous I would assume that it's should be applied to a specific type of deduction, (interest deduction, tax deduction, etc.) but there's not further clarification given.

Re: Schedule K-1 Box 11 Code B Question

DavidD66 — Tue, 14 Apr 2026 04:21:43 GMT

That goes on line 16 Other Deductions. To enter in TurboTax:

Go to Federal
Deductions and Credits >>Deductions and Credits Summary
Scroll down to "Other Deductions and Credits"
Click on Start next to "Other Deductible Expenses"
On the screen with "Did you have any of these other expenses? If you're itemizing deductions...."
Answer "yes"
Enter the amount of you "Excess deductions on termination..." in the box for "Estate tax deduction not reported on an estate K-1"

It's not a perfect fit, but TurboTax doesn't provide an entry for the specific deduction you have, but they both go on line 16 of Schedule A. Also, if you are not itemizing, this is a moot point as this deduction won't impact your tax return.

Re: Schedule K-1 Box 11 Code B Question

user17572843665 — Wed, 15 Apr 2026 00:27:35 GMT

Doing this enters it, though, as a Federal Estate tax paid on decedent's income reported on a form K-1. My mom's estate had no Federal Estate taxes....since the value in my line B is mostly attributable to property taxes, can I just put the whole amount there (add it to what I paid for property taxes on my own home)? A smaller % of it was used for the tax accountant filing her 1041 last year.