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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