ed_accountant Posted February 7, 2009 Report Share Posted February 7, 2009 Hi, I am preparing a final 1041 with no taxable income and a capital loss carryover to pass through. The trust has 3 US resident beneficiaries and 17 foreign beneficiaries (No tax id #s). Each beneificiary has an equal 5%. Any ideas on how to passthrough the loss to the US beneficiaries? I believe I should issue the 5% loss interest to the 3 US beneficiaries and not issue any k-1s to the foreigners since they do not have tax ids. The amounts are also small. Thanks Quote Link to comment Share on other sites More sharing options...
g.a Posted February 9, 2009 Report Share Posted February 9, 2009 what country are the foreigners from? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.