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kj1650
April 4, 2025
Question

Long-term capital loss carryover

  • April 4, 2025
  • 1 reply
  • 0 views

On my K-1 Estates and Trusts worksheet, I see my long-term capital loss carryover called out correctly:

 

But on my Schedule D, it is listed as net long-term loss instead of long-term capital loss carryover:

 

 

Can anyone tell me why this would happen?  I don't understand why this wouldn't load to Line 14.


Thanks for any insight!

    1 reply

    T
    ThomasM125
    April 8, 2025

    The carryover loss in listed under the category of "Final year deductions." Per the instructions to Form 1041, Schedule K-1, you are allowed to deduct any unused capital loss carryovers in the final year of the trust. So, they show as capital losses on schedule 😧

     

     

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