PKCPAMST
Level 5
03-13-2021
02:08 AM
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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:
- In the target fiduciary return, go to Screen 43 Schedule K-1 Overrides/Miscellaneous.
- In the Sections at the left bottom, select Final Year Deductions (11).
- Enter the amounts in the appropriate fields.
If the target input return is an individual return, follow these steps:
- In the target individual return, go to Screen 20 Passthrough K-1s.
- Under Passthrough K-1s, select Estate or Trust Information.
- In the Sections at the left bottom, select [Lines 9-11] – Deductions.
- Enter the amounts in the appropriate fields.