Solved
Final K-1 from Trust
I received a final K-1 from a trust. I marked it final in Turbo Tax but the prior year losses aren't being released and it's only allowing a portion of the current year's loss.
DaveF1006Answer
Alumni - Intuit
April 19, 2023
If these are capital loss carryovers, then only $3000 can only be claimed yearly, if this is the portion of the loss you are referring to. The remainder of the losses are forever lost even if this is a final return.
**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
