Saniam29
Level 2
04-12-2024
12:24 AM
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The Trust has a capital loss carryover. There are two shares and the loss carryover has been tracked over a few years, so I know what portion is allocated to each share. It is the final year for one share and that beneficiary will receive a final K-1. It would seem correct to pass through that portion of the loss carryover, and I can override on the K-1 to do so. Do you think this is correct? If so, how do I allocate that portion to beneficiaries on the Schedule D, so that the capital loss carryover to the Trust for 2024 is reduced?
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