Where do I enter Box 11B value from Schedule K-1 (Form 1041) in my Schedule A?

[jenniferh94]

I received a final Schedule K-1 from my grandmother's estate, and it has values in Boxes 11A, 11B, and 11D. I've entered 11A and 11D into my Schedule 1 and Schedule D respectively. According to the IRA instructions 
"there are excess deductions on termination that are non-miscellaneous itemized deductions reported to you as a beneficiary, you may deduct the excess deductions shown in box 11, code B, on the applicable line on Schedule A (Form 1040)." (-https://www.irs.gov/pub/irs-pdf/i1041sk1.pdf)

Where do I enter in the Schedule A? The hint that TurboTax gave me is barely helping ("For example, your statement might indicate the "non-miscellaneous" deduction was property tax. Just search for the property tax topic in TurboTax and enter the amount in that topic."). I was also the executor, so I know that the deduction came from my grandma's 1098 from the Mortgage interest paid to the house when we sold her house.

Do I get to use this deduction and where would I put it in the Schedule A? How do I enter it in TurboTax?

[ThomasM125]

You may be able to use the deduction.

You have to know what the deduction is to know where to put it on the schedule A. You mention that it may be mortgage interest. If so, you would look for that deduction in the Deduction and Credits section in TurboTax. It is in the Your Home section, and then Mortgage Interest, Refinancing, and Insurance. So, you would enter the deduction by working through that section.

If the deduction was for something else, you would look for that category in the Deductions and Credits section and enter it in the appropriate sub-section.

[jenniferh94]

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@ThomasM125 wrote:

You may be able to use the deduction.

You have to know what the deduction is to know where to put it on the schedule A. You mention that it may be mortgage interest. If so, you would look for that deduction in the Deduction and Credits section in TurboTax. It is in the Your Home section, and then Mortgage Interest, Refinancing, and Insurance. So, you would enter the deduction by working through that section.

If the deduction was for something else, you would look for that category in the Deductions and Credits section and enter it in the appropriate sub-section.

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It is indeed for the interest paid on the mortgage, so does that mean it belongs in my Schedule A under line 8b (for Home mortgage interest not reported to you on Form 1098). It gets confusing trying to fill out the mortgage deduction questions because they are phrased under the assumption that the house is mine, but I'm just trying to get the deduction that's I assumed passed to the beneficiary because it was in my K-1

[SJ91607]

I am encountering the same issue. Working through the mortgage interest deduction section in TT assumes we are the owners of the house, and the house is primary/secondary/business. We are the beneficiaries. Did you figure out how to properly enter this information?

[PatriciaV]

@SJ91607

Answer the mortgage interest questions as if this was your second home. Since you are a beneficiary, you own the house through the estate.

[Sues657]

This doesn't answer the question.  In my case, the mortgage interest was divided among 6 beneficiaries.  We do not have the 1098 info that TurboTax is requiring, just the letter from the estate lawyer with the numbers (and the 1098 numbers would be the sum of the 6 anyways).

[JohnW152]

You’ve entered this thread quite a bit after it was last updated, but if you’re still referring to Schedule K-1 (Form 1041) line 11, here’s how to enter it in TurboTax Online:

1. If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get started, Pick up where you left off, or Review/Edit. 
   • Otherwise, in the left pane, select Federal, then Wages & Income (This is labelled Income & Expenses in TurboTax Self-Employed)
2. Scroll down and select the Show more dropdown to the right of S-corps, Partnerships, and Trusts
3. Select Start or Revisit to the right of Schedule K-1
4. On the Tell Us About Your Schedules K-1 page, select Start to the right of Estates or trusts (Form 1041)
5. Enter all relevant information on each screen until you get to 11B Excess Deductions - Final K-1.  Select Yes
6. On the Check boxes that have an amount page, select all appropriate boxes.  Select Continue
7. On the Enter box 11 info page, enter your information in the appropriate fields, then select Continue
8. Continue through the interview

If this isn’t your issue, you might consider opening a new post with your question.

@Sues657