Where do I input 1099-OID on Form 1041? Need to input Acquisition Premium and Tax Exempt OID.
Also how do I handle a loss on Form 1041 on line 25? Can it be carryforward?
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Enter the 1099-OID as interest earned on the 1041.
Losses can be passed through to the beneficiaries or carried forward until the last year of the estate or trust.
Enter the 1099-OID as interest earned on the 1041.
Losses can be passed through to the beneficiaries or carried forward until the last year of the estate or trust.
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