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Get your taxes done using TurboTax
@4catsandme That's allowed. The Ordinary Gain is considered passive income from the partnership, so can free losses (just like a positive number in box 1 could free losses). You only need a complete disposition to free up everything.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
March 27, 2024
11:53 AM