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Get your taxes done using TurboTax
Thank you very much, it seems to have worked...
After I entered:
K1 not in Retirement Plan
Limited Partner of LLC
Domestic Partner
Partnership ended in 2024
Complete Disposion (if chose any other does not seem to account for losses)
Abandoned Partnership Interest
Purchased 2/28/2022 Sold 12/31/2024 (estimate)
TT asked for "Sale information" and I put my beginning capital balance as the basis. This seems to have cause the double dipping.
Now I need to Amend 2023 return and so far I have not been able to get TT to recognize the losses (no passive losses allowed on schedule E) without defining it as Ended and Complete Dissolution.
Any suggestions? Should I Amend in online or desktop version (able to go to Forms mode)?
‎October 5, 2025
2:02 PM