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Get your taxes done using TurboTax
My EPD K-1 has a K-1 Code 99047 titled "Cumulative Passive Losses."
No sales of purchased units ever.
Where do I list these cumulative passive losses in the TT process?
Note: There is a question asking as part of the K-1 asking if I have
a. passive activity losses carried over from last year (check the box)
b. at risk losses carrying over from last year (check a different box).
Do I check one of these boxes then continue?
March 17, 2021
4:37 PM