1041-US: Capital losses are not reported on Schedule K-1, lines 3 and 4 (FAQ)

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Question

Why aren't capital losses reported on Schedule K-1, lines 3 and 4?

Answer

Per the form instructions, only positive amounts are reported on Schedule K-1, lines 1 through 8. Therefore, if capital losses are being allocated to the beneficiary, those losses are reported on Schedule K-1, line 11, box B or C.

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

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