MBA_CA
Level 3
09-18-2020
04:06 PM
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Best Answer Click here
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George4Tacks
Level 15
09-19-2020
10:43 AM
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If done properly, the $3,000 will be added back on page 2, Schedule B line 6. The loss will show up on the the K-1 as 11 C.
Look at your diagnostic - It is probably giving you a hint to move your distribution percentages from Required to Other.
Answers are easy. Questions are hard!
MBA_CA
Level 3
09-19-2020
01:08 PM
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Thanks, George!
The $3,000 on the 1041 was confusing, but when I look at the Final Year deductions on 11C, the full loss is indeed going to the beneficiaries.
