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4/15 filing deadline for Forms 1040, 1041, and 1120 is now closed. Perfection period in progress! Check out Hot Topics here.
4/15 filing deadline for Forms 1040, 1041, and 1120 is now closed. Perfection period in progress! Check out Hot Topics here.
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- Final year fiduciary return -- how do I show NOL so that it carries out to beneficiaries on K-1?
Final year fiduciary return -- how do I show NOL so that it carries out to beneficiaries on K-1?
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wfp
Level 2
03-05-2026
03:27 PM
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I am doing a final year fiduciary return for an estate. There is NOL from prior year. How do I enter this so that it passes through to the beneficiaries on Schedule K-1?
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Accountant-Man
Level 13
03-05-2026
03:53 PM
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The NOL from a prior year goes on this year's 1041 line 15b. It should carryover from last year.
The current year's NOL will go on the beneficiaries' k-1s when the 1041 is marked Final. Line 11.
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