Get your taxes done using TurboTax

Thanks @Mike9241 

 

I have tracked down all carry over looses. 

 

I had ETP which was merged into ET.  I did not add carry over losses of ETP into ET as it was not sale and K1 did not show Final K1 and I did not know at that time how to handle it.

 

I just left it there with TT and it is still there with all information and there is no new information added since merger as there was no K1 for ETP.

 

I tried 3 methods

 

Option 1

If I enter Final K1 for ETP and check Partnership end and disposition was NOT sale.  It does NOT release carry over losses

 

Option 2

 

Check Final K1 for ETP and check complete disposition and use same sale dates as for ET ( since ETP was merged into ET), all losses are released and show up K1 work sheet, Sch E and 4797.

 

Q: Since ETP was ended while back, does its Partnership Tax ID still work or can cause issues or questions?

 

 

Option 3

 

I can add carry over losses from ETP into ET.

It works well for regular and AMT section within Forms mode of K1 but QBI section I was not able to make it work in the forms mode. or QBI section has to be changed/adjusted within interview mode?

 

Any thoughts which method to use?