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What ever happens to the carryover losses not used up in

Customer Question

for johnathan: What ever happens to the carryover losses not used up in full when an estate 1041 is final? I see that it was limited to $3,000 on the final return.
Submitted: 9 months ago.
Category: Tax
Expert:  Jonathan Tierney replied 9 months ago.

The carryover losses are reported on the beneficiary's K-1, box 11 as "Final year deductions" so the estate beneficiaries also inherit the carryover losses.

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