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taxdoer
Level 3
March 5, 2025
Question

What do I do with a farm loss for line 6 on 1041 for a simple trust?

  • March 5, 2025
  • 1 reply
  • 8 views

Does a farm loss figure into distributions for a simple trust? Line 8 on K-1. 

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1 reply

IRonMaN
IRonMaN
Level 15
March 5, 2025

I don't do farms and I don't do trust returns with farms.  But I do know it is hard to distribute a negative number to a beneficiary.  Sounds like something that carries forward to next year.

Slava Ukraini!
    sjrcpa
    sjrcpa
    Level 15
    March 5, 2025

    Or gets lost.

    Unless this is a final return.

    The more I know the more I don’t know.
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