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Beneficiary's K-1

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    #16
    An NOL carryover goes on Line 21 as a minus (-). You may have a worksheet for this line where you can enter it. Then proceed as usual. Or, if you have an input sheet for the K-1, it may automatically put it there when you duplicate the K-1 in your software and show it in Box 11, Code D. (I still can't figure out why the passive loss passed through to the beneficiary since the property was sold. It should have been used up in the sale calculation.) Oh, well.
    Last edited by Burke; 04-08-2014, 10:23 AM.

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