Final K-1 from Trust

[jlewis3133]

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.

[DaveF1006 · Accepted solution]

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.