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Does anyone know how to pass capital losses to beneficiaries on the final 1041?

pdictos
Level 2
The instructions to Schedule D recommend attaching a schedule allocating losses to the beneficiaries. What say you?
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3 Comments 3
IRonMaN
Level 15

You can't.  They get carried forward to offset future capital gains or until the final year of the entity.


Slava Ukraini!
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pdictos
Level 2

This is the final year

 

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IRonMaN
Level 15

If the return is marked as final, things should flow.  Have you reviewed the K-1 to see if there is anything in box 11?


Slava Ukraini!