2018 UltraTax CS
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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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