K-1 line 11 code A & B Final K-1 for a family member's estate. It notes 3500 under code A (excess deductions) under line 11 and 66,000 under code B (short-term capital loss carryover) under line 11. I was told that the taxes would be paid by the estate on the money I received from the estate. This didn't sound right so i'm curious what to expect come tax time. Any input would be appreciated. |