MN dhawk Posted February 10, 2010 Report Posted February 10, 2010 The dad died and left the house to 5 adult kids. The kids attempted to sell but couldn't due to the current market conditions. They put it up for rental mid year and got it rented for November & December of 2009. The house is still in the estate. On the 1041 I have worked out a Schedule E that shows about a 5k loss. I expected the loss to flow through on the 5 K1s but ATX is not making it easy. Form 8582 is showing the loss as allowed. I don't do many 1041s. Is my assumption that the loss should flow through wrong or is my ATX software skill lacking? Thanks for your comments. Dennis Quote
kcjenkins Posted February 10, 2010 Report Posted February 10, 2010 The loss only flows through on the final return. The software is correct. Quote
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.