Solved
Trust in final year sold property at a loss, but Lacerte is taking $3,000 of that loss against trust income, and not passing it to beneficiaries. How do I correct this?
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George4TacksAnswer
Level 15
September 19, 2020
If done properly, the $3,000 will be added back on page 2, Schedule B line 6. The loss will show up on the the K-1 as 11 C.
Look at your diagnostic - It is probably giving you a hint to move your distribution percentages from Required to Other.
Answers are easy. Questions are hard!
