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Level 2
April 11, 2021
Question

In the final year of a trust, with excess expenses, how do i designate excess deductions as sec 67(e) non itemized deductions?

  • April 11, 2021
  • 1 reply
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In the final year of a trust, with excess expenses, how do i designate excess deductions as sec 67(e) non itemized deductions, code B for line 11 on schedule k-1 for the beneficiary?

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1 reply

Level 6
April 12, 2021

You can use Screen 43 - K-1 Overrides, Section Final Year Deductions (11).