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JayBird1212
Level 1

Passive PTP Loss Carry Over on Schedule E Part 2 line i ... upon full disposition of PTP shares

I completely sold a number of PTP's in 2018.  The K-1 Section A data shows Loss Carryovers for a number of the PTP's but these loss amounts were not carried over to Schedule E, Part 2 line i.  Do I need to manually transfer these amounts?  Should I include the full amount from Line 9, column d?

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JohnB5677
Expert Alumni

Passive PTP Loss Carry Over on Schedule E Part 2 line i ... upon full disposition of PTP shares

If you sold the PTP's in 2018, did you mark them as final K-1?  This would have triggered any pent up passive losses you may have had.

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3 Replies
JohnB5677
Expert Alumni

Passive PTP Loss Carry Over on Schedule E Part 2 line i ... upon full disposition of PTP shares

If you sold the PTP's in 2018, did you mark them as final K-1?  This would have triggered any pent up passive losses you may have had.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
JayBird1212
Level 1

Passive PTP Loss Carry Over on Schedule E Part 2 line i ... upon full disposition of PTP shares

It looks like I missed some of them.  It's very clear what is needed when you look at the forms view, the interview is far less obvious to me.  At this point, I'll need to amend my return for 2018 which should also clean them out of my 2019 return, which I now have to re-do as well.  Appreciate the quick response.

JohnB5677
Expert Alumni

Passive PTP Loss Carry Over on Schedule E Part 2 line i ... upon full disposition of PTP shares

Yes, you should amend the 2018 return so that you're sure there were not any unaccounted for losses that were not picked up. 

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