michaelmars Posted March 27, 2011 Report Share Posted March 27, 2011 Help! i am filing 2009 and 2010 for a decedents estate. 2009 had excess deductions and this seems to carry over to 2010 as an NOL. in 2010 the estate is closed and final and i can't figure out if this amount should flow to the K-1 as excess deductions or as NOL. If excess ded, where do i imput this, i can not figure it out. Quote Link to comment Share on other sites More sharing options...
Pacun Posted March 30, 2011 Report Share Posted March 30, 2011 Help! i am filing 2009 and 2010 for a decedents estate. 2009 had excess deductions and this seems to carry over to 2010 as an NOL. in 2010 the estate is closed and final and i can't figure out if this amount should flow to the K-1 as excess deductions or as NOL. If excess ded, where do i imput this, i can not figure it out. Go to K-1 input and check Final K-1 on question A. Quote Link to comment Share on other sites More sharing options...
michaelmars Posted March 30, 2011 Author Report Share Posted March 30, 2011 the question is should this flow to the k-1 as "nol" or "excess deductions"? when i was playing around, in the 2009 return if i assumed that was the final year then it flowed as "excess deductions" but when i left 2009 and marked the 2010 as final the same amount flowed as NOL. so it seems by leaving the estate open one more year, the bene's get a line 21 deduction rather than a sch A deduction. this just seems wrong to me. Quote Link to comment Share on other sites More sharing options...
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