Final K1 with Capital loss, but no current year activity

[PW312021]

I have left a partnership in 2019 with a capital loss and received a final K1.  There is no current year income, deductions, credits & other items, only $0 for Line 1.  Under the Partner's Capital Account Analysis, it shows a beginning capital amount of 26,000, contributed capital of 37,000 and the Other increase as -63000. 

Is this capital loss of -63000 submitted in "Enter Sale Information" under Sale Price of -63,000?

Additionally, does that capital loss carry over until is it used to offset capital gains in the upcoming years?

[taxes4sumting]

Cap loss is carried over to following years until offset or used up....$3k per year against other income.....you need to know your total investment in the partnership to compute your gain or loss so you can look through your k1s if you kept them.

[Anonymous]

first, the capital a/c on the K-1 may not reflect your tax basis. you'll need to find out. the same holds true for the $37.000 (your own records should indicate if you put in that much).   finally, why did you get nothing for your interest which apparently was worth $63,000?  we can't see the partnership agreement.     consider, that it will take you 21 years to take all of the capital loss if that's what it is.  This assumes no net capital gains from other sources during that period.