IL Schedule K-1-T

[pattypuzzled]

I am filing the final 1041 for a trust created in Illinois.  There are 3 equal beneficiaries and there were no distributions from the trust since there is a LTCL carryover 11 D on the K-1's.  Only one of the beneficiaries is an IL resident.  What information do I have to add to the Schedule K-1-T. Would the $amount on the K-1 be considered pass thru income(loss)?  

[SamS1]

Yes.  You would need to enter the loss as pass through loss.  You would only need to fill out column b for the Illinois resident.  I would probably enter the amount online 18 with the description "Long Term Carryover Loss" then enter the amounts as negative numbers.  The beneficiaries can each deduct $3000 in capital losses each year until their share is used up.