Carryover Capital Gain Loss Not Showing on K-1s

[chester7]

I am using Turbotax Business for Trusts and Estates.  I'm filing the final return for the estate.  There are 4 beneficiaries.   There is a large carryover capital gain loss (from previous years already in the return)  that needs to be distributed to all beneficiaries on their K-1s since I am closing out the estate.  How can I trigger the carryover loss for each beneficiary so everyone receives a percentage on their K-1? Currently, it is showing nothing on the K-1s.

[tagteam · Accepted solution]

Enter Forms Mode by clicking the Forms icon in the upper right side of the screen.

Open your K-1s, scroll down to the Beneficiary's Smart Allocation Worksheet, and enter each beneficiary's percentage of the income distribution deduction (see screenshot).