dbests
Level 1
‎03-12-2021 02:50 PM

Can't fine out where to input amounts from boxes 11A and 11C from a 1041 K-1 into the return for a fiduciary return.  I don't see those boxes identified in the input screen at all.

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PKCPAMST
Level 5
‎03-13-2021 02:08 AM

Both items in question are excess deductions on termination.

11A: Section 67(e) expenses

11C: Short-term capital loss carryover

If the target input return is a fiduciary return, follow these steps:

  1. In the target fiduciary return, go to Screen 43 Schedule K-1 Overrides/Miscellaneous.
  2. In the Sections at the left bottom, select Final Year Deductions (11).
  3. Enter the amounts in the appropriate fields.

If the target input return is an individual return, follow these steps:

  1. In the target individual return, go to Screen 20 Passthrough K-1s.
  2. Under Passthrough K-1s, select Estate or Trust Information.
  3. In the Sections at the left bottom, select [Lines 9-11] – Deductions.
  4. Enter the amounts in the appropriate fields.

 

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