Get your taxes done using TurboTax
It depends. You will be asked if you disposed of your interest in this activity and it's important to answer this so TurboTax knows the passive investment has been disposed of or sold. The unallowed losses would be included in the K1 as part of the net income or loss for the year.
Also, look for a screen similar to the one below 'Describe the Partnership' to enter your carryover.
[Edited: 03/26/2025 | 10:06 AM]
