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How does the beneficiary report the net operating loss (NOL) deduction from the termination of the estate or trust?

How does the beneficiary report the net operating loss (NOL) deduction from the termination of the estate or trust?

Michigan follows the federal guidelines regarding the termination of an estate or trust and the treatment of any unused NOL carryover. To be eligible to claim the unused NOL carryover on an MI-1040, a copy of the final U.S. Form 1041 Schedule K-1 must be included with the filing, otherwise the processing of your return will be delayed.