Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-20-2018, 03:05 PM
Junior Member
 
Join Date: Jan 2018
Posts: 1
K-1 part III

I received a final K-1 from my mom's estate. In part III box 14 I have a code I which is described as "AMT LONG TERM LOSS CARRYOVER" and I have no idea where to record or input this. I already have a capital loss in the same amount in box 11C. Please help!!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 01-22-2018, 09:26 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
The loss should appear on Line 11 (C Code) of your SCh K-1 of 1041 and, if it doesn't, you might not have made a distribution (which is sometimes necessary despite the fact that you indicated the return was "final"). Long-term capital loss carryover Sch D, line 12; line 5 of the wksht. for Sch. D, line 18; and
line 16 of the wksht. for Sch. D,



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Teenager with a part time job stevesjlee For 2016 1 07-15-2017 04:04 AM
8606 part 3 Roth IRA copperclad IRA/Sep 3 11-28-2015 10:57 AM
Schedule C- Part III COGS beardedb For 2014 0 03-19-2015 09:04 PM
Part Year Primary Residence / Part Year Rental geoff Rental Real-Estate 1 01-24-2014 03:39 AM
Part-Year Resident DstructivePerc Income 2 02-12-2009 10:36 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.