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- 2025 Final Year Estate K-1 NOL to beneficiary shows as 2024 carryover in Lacerte
2025 Final Year Estate K-1 NOL to beneficiary shows as 2024 carryover in Lacerte
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Drphibes
Level 7
3 weeks ago
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Strange situation where the client received a final K-1 with a large NOL (structure destroyed in qualifying 2025 fire disaster while in Probate, no insurance). The NOL shows up as K-1 box 11c and 11d which talks about it being a carryover. When inputted into Lacerte and calc'd in the clients 2025 tax return, the NOL shows up as a 2024 NOL with none taken in 2024. Does not show up as a 2025 NOL. Is this normally how this is treated? Thanks in advance all!
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