Complex Trust Capital Loss Carryover >$3,000

[RDennis]

I have a complex trust (distributes income and principal each year). I am at a loss as to how to compute the "accounting income" for a trust where the capital loss is over $3,000. Line 8, Schedule B links to the trial balance.

On ATX last year, that amount (line 29) was shown as $3,000. This year, the amount shows as the entire capital loss ($5,874), which is the carryover from the previous year.

My question is which is the correct amount that should be on line 8, Schedule B?

I assume it doesn't matter that 2010 was the year of the loss and 2011 is a carryover year.

R. Dennis Kavanaugh, CPA