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Old 01-20-2018, 03:05 PM
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K-1 part III

I received a final K-1 from my mom's estate. In part III box 14 I have a code I which is described as "AMT LONG TERM LOSS CARRYOVER" and I have no idea where to record or input this. I already have a capital loss in the same amount in box 11C. Please help!!



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Old 01-22-2018, 09:26 AM
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The loss should appear on Line 11 (C Code) of your SCh K-1 of 1041 and, if it doesn't, you might not have made a distribution (which is sometimes necessary despite the fact that you indicated the return was "final"). Long-term capital loss carryover Sch D, line 12; line 5 of the wksht. for Sch. D, line 18; and
line 16 of the wksht. for Sch. D,



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