Temp rental loss on estate 1041

[grandmabee]

I have a final estate return with a temp. rental sold at a loss.  I can't get it to flow to the K-1.

What am I doing wrong ???

 

TIA

 

[Lynn EA USTCP in Louisiana]

Are the ‘final’ boxes checked on both the 1041 and the k-1’s?

[DANRVAN]

On 2/20/2022 at 4:56 PM, grandmabee said:

with a temp. rental

What is a temp rental?

Are you reporting from 4797?

Are you using ATX?  You might have to make a manual entry on the distributable income tab.   

Curious as to why in today's market the rental is selling at a loss?

[grandmabee]

13 hours ago, DANRVAN said:

What is a temp rental?

Are you reporting from 4797?

Are you using ATX?  You might have to make a manual entry on the distributable income tab.   

Curious as to why in today's market the rental is selling at a loss?

Temporary rental while trying to close the estate.  Needed money to pay the mortgage.  After all the closing cost and wanting to sell it to close the estate took what they could to be done with it.  Rented from Oct 2019 to January 21.  It was going on the 4797 then on to page 1 but then nothing.  But my mistake was that I listed the assets as 1041 asset not Schedule E assets.  Once I fixed that it then flowed to the Sch. K-1 as a loss to beneficiary.