EXCESS DEDUCTIONS ON TERMINATION DISTRIBUTED TO A TRUST

[Kathleen1]

I have a trust that received a K-1 from an administrative trust that was final this year and distributed excess deductions on termination on the K-1 to the beneficiary trust.  Does anyone know how you enter the excess deductions off of the K-1 into the beneficiary trust return.  Unlike in the individual program, there is no specific place in the fiduciary program on the passthrough K-1 input to enter the excess deductions on termination.

[PKCPAMST]

For the trust return, go to Screen 43 Schedule K-1 Overrides/Miscellaneous. In the Sections at the left bottom, select Final Year Deductions (11).

[Kathleen1]

Thank you for the response.  However, I'm talking about bringing excess deductions into the beneficiary trust return, not passing them out.  It is a complex trust, so nothing is being distributed out.  I want the excess deductions reported to the beneficiary trust to offset income in the trust.

[COGS]

Kathleen, Did you ever get an answer?  I am in the same boat.  Thank you!

[Kathleen1]

No. I reported it on Screen 32 Other Deductions not subject to any limitations. It shows up on line 15a of Form 1041.

[COGS]

Thank you!  Have a great weekend!