Print capital losses on a final year return on Schedule K-1, line 11
To print capital losses on Schedule K-1, line 11 for a final year return:
- Go toOrganizer,General Information, and thenReturn Options - Irrevocable Returns.
- SelectCompute Options.
- In theCompute option 223 - Presentation of current year capital losses on final year returnssection, selectDistribute capital loss to the beneficiary on final year (Default). By choosing the default option, the current year capital loss will show up on Schedule K-1, line 11 as excess deduction with code B or C, depending on the property of the loss.
- Also, go toOrganizer,General Information, and thenReturn Options - Irrevocable Returns.
- SelectMisc Options.
- Make sure theOptions 12 Net capital loss carryover against current year capital gains/losses for purposes of Schedule K-1 allocations and charity computationsisn't selected.
