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as i see it, the passive losses are at the individual level and shown as carryovers on the Turbotax S-corp k-1 form.  Until you terminate that S-corp/LLC those passive losses will remain suspended.  you would probably need to file papers dissolving the LLC - check with your state and file that final S-Corp return. 

 

another potential issue is reporting losses year after year. that could raise your audit prospects.