Trust has a net loss from passive real estate activities. It wants to treat the depreciation for the year as a Directly Apportioned Deduction, made available to the beneficiaries via their K1s. So, where does the depreciation appear in the Trust's tax return? Does it remain on Schedule E, not show on Schedule E, or show up someplace else (other than the K1s)?
I will answer my own question for anyone's future reference.
I have concluded that the depreciation being directly apportioned does not go on Schedule E. It appears only on the K1s, and on the statement which "must be attached [to the K1] showing the beneficiary's share of income and directly apportioned deductions from each business, rental real estate, and other rental activities>"
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