@GBL44I've approached this in two steps. First, when one of the subsidiaries disappears ("oldsub"), you fill out TT to reflect that the "partnership has ended", but that disposition "was not via a sale". That triggers TT to stop prompting you for future K-1s, but leaves oldsub's suspended losses in limbo.
Second, in the following year, when entering the data for ET you'll get to the question about carrying over prior year losses. TT will fill that automatically by grabbing last year's figures, but you can change that entry. That's where I just add in the suspended losses from oldsub. They're not part of ET. Then I delete the oldsub K-1.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
