Client died during year. Had a will and 2 daughters who survived him. I did the final 1040 with only interest and dividends until he died.
He had a very large capital loss carryover on his personal return. Does that loss carry forward to his 1041 tax return? It makes sense that it would but I didn't find anything about it in the instructions.
Thanks
Linda, EA
He had a very large capital loss carryover on his personal return. Does that loss carry forward to his 1041 tax return? It makes sense that it would but I didn't find anything about it in the instructions.
Thanks
Linda, EA
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