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New Jersey return with Estate K-1

I received a K-1 from an estate with a final deduction in 11 D and noted as 14z.    Should this be showing up in line 26 other income?

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1 Reply
ErnieS0
Expert Alumni

New Jersey return with Estate K-1

No. Line 11D of Form 1041 Schedule K-1 is a long-term capital loss carryover. 

 

You may have entered the information in the wrong K-1 section in TurboTax. Line 11 for Form 1065 Schedule K-1 is other income. That's for partnerships.

  • Type k-1 in Search in the upper right
  • Select Jump to k-1
  • Say YES to "Do you want to review Schedules K-1 or Q?"
  • Update Partnerships/ LLCs (Form 1065). If you have an estate there, delete it.
  • Then select Estates or trusts (Form 1041)
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