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Level 1

Question

K-1

Forum|Forum|4 years ago
April 6, 2022
1 reply
2 views

Have K-1 form from 1041 just filed to wrap up estate

Asks me if this is final estate return and to put amount in box 11 There is no amount in box 11 but there is a separate box checked for final return. Should there be amount in box 11.

Level 13

No, an amount in box 11 is not required. This would only report excess distributions or loss carryforwards that need to be reported, if they exist, in full by the beneficiary in the final year of the estate.

Since your K-1 does not have an amount in box 11 you should leave the field blank in TurboTax.

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