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Level 3
March 5, 2026
Question

Final year fiduciary return -- how do I show NOL so that it carries out to beneficiaries on K-1?

  • March 5, 2026
  • 1 reply
  • 4 views

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?

1 reply

Accountant-Man
Level 13
March 5, 2026

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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