1041-US: 28-percent rate capital gain / loss does not appear on Schedules K-1 for non-final returns (FAQ)

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Question

Why are the 28-percent rate capital gain / loss items not appearing on the Schedules K-1 for a non-final return?

Answer

For losses to appear on Schedule K-1 for a non-final return, the Allocate capital losses to beneficiaries on non-final return field on Screen Allocate in the Allocation folder must be marked. The following scenarios assume this field is marked.

Related topic: 1041-US: Schedule K-1 FAQs

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