Offset expenses that exceed ordinary income against distributive gains

We don't distribute excess deductions for a non-final year, because these are normally lost. There is no tax benefit. In certain circumstances, you might be able to distribute them.
  1. In the
    Organizer
    , select
    General Information
    .
  2. Select
    Return and Print Options - Irrevocable
    , then the
    Compute Options
    tab.
  3. Select option
    [210]
    to treat this as a distribution.
  4. Select option
    [205]
    to offset expenses against distributive gains last.
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