I was in a partnership that I exited in '24. I have suspended losses from previous tax years, how do I get turbo tax to release the suspended losses from previous years?

The suspended losses are in multiple categories, Ordinary loss, Section 179 and Unreimbursed expenses

829

Expert Alumni

Feb 28, 2025 12:41:37 PM

When you enter the K1 for your partnership indicate that this is a final K1. That should cause all suspended losses generated by the partnership to be used.

@franksterner

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I was in a partnership that I exited in '24. I have suspended losses from previous tax years, how do I get turbo tax to release the suspended losses from previous years?