Sch L (706) - Net Losses and Expenses Incurred in Administering – UltimateTax Solution Center

What is the form used for? :

Any losses (from theft, fire, or storms) that occur during the settlement of the estate should be reported on Schedule L.

Is the form Supported in our program? Yes

How to access the form: To access the form, you will need to open a 706 return on the desktop and then go to Add Form/Display, and type 706 L.

Limits to the form: This form can only be accessed from the desktop software. This form cannot be copied.

IRS Publication: https://www.irs.gov/pub/irs-pdf/i706.pdf

Solution Articles:

Sch K (706) - Debts of the Decedent, Mortgages and Liens

Sch L (706) - Net Losses and Expenses Incurred in Administering