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Returning Member
posted Jun 27, 2020 11:03:13 AM

partnership K-1

I have 2 K-1s that have now been combined into an interest in a new partnership.  There was no sale just a transfer.  How do I report this in Turbo tax.  I need to delete the old partnerships and transfer the passive loss carryovers to the new partnership/

0 1 505
1 Replies
Level 3
Jun 29, 2020 11:22:07 AM

can be complicated....you need to know how the merger was done.