There are a number of things going on here:
- As stated by @Anonymous_ we don't have visibility to your K-1's and returns to see how everything is being reported and exactly what is being reflected on the K-1's. This is key in being able to determine what can be used and when.
- We also don't know how you responded to questions regarding activity level, as this impacts the utilization of passive losses.
- I think your question in October 2021 is addressing your question, as it indicated that if you have ordinary passive income, this will be used to offset some of the Section 1231 losses carried over.
- Since we don't have access to all the facts, it may be in your best interest to meet with a tax professional and provide this individual with all your past returns, explain the situation and make sure you have filed correctly in the past, which would allow you to file an accurate return going forward.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
