topic How to report info from K-1, box 11 C in Business & farm

How to report info from K-1, box 11 C

null47 — Sat, 01 Jun 2019 14:24:29 GMT

I am confused as to how to report Sch K-1, Box 1, line C on my 1040

what kind of k-1? 1065, 1041, 1120s ?

Lisa995 — Sat, 01 Jun 2019 14:24:30 GMT

what kind of k-1? 1065, 1041, 1120s ?

Sorry, 1041

null47 — Sat, 01 Jun 2019 14:24:32 GMT

Sorry, 1041

11C is long term capital loss carryover, it would appear...

Lisa995 — Sat, 01 Jun 2019 14:24:34 GMT

11C is long term capital loss carryover, it would appear on Line 13 of the 1040, and if over 3000 the rest would appear on a carryover worksheet.....but you should be entering the entire K-1 into the K-1 portion of the return and the program will put things where they belong.

Thank You Lisa but I don't see the opportunity in the pre...

null47 — Sat, 01 Jun 2019 14:24:36 GMT

Thank You Lisa but I don't see the opportunity in the premier program to enter it on Sch D

SuperUser Lisa995 is absolutely correct. Enter all the i...

IreneS — Sat, 01 Jun 2019 14:24:38 GMT

SuperUser Lisa995 is absolutely correct. Enter all the information from the K-1 into your return. You can do this following these steps:

Click on Federal > Wages & Income
In the S-Corps, Partnerships, and Trusts section click on the box next to Schedule K-1. [Screenshot #1, below.]
Click Yes on the next screen, Did you receive any Schedules K-1?
On the Tell Us About Your Schedules K-1 screen. Click on the Start/Update box next to the type of entity (trust/estate) that issued the K-1. [Screenshot #2]
If you have already entered K-1 information, you will see a Summary screen. Click Add Another K-1 to enter your information (or click on Edit to continue with the existing form entry). [Screenshot #3]
If you haven't started entering K-1 information, continue through the screens, entering the requested information.