I am cleaning up my 2022, 2023 and 2024 Tax Returns since I finally have all the K1's. I received the final K1 in 2024. I lost most all my investment.
When I amended the 2022 Return, the Ordinary Business Loss (Part III box 1) do not affect my return. The losses appear as unallowed losses on Form 8582.
My understanding was that these losses would roll forward until the final year.
When I go through the process of Amending my 2023 Return I see no evidence of the 2022 loss. Again, no impact on my tax from the 2023 losses.
When I work on my 2024 Return the 2024 losses are represented. However, no sign of previous year losses (maybe because I have not filed the 2023 Amended Return.
My question; Assuming the 2022 and 2023 losses will not roll to 2024 (final K1), can i then put the 2022 and 2023 losses in as 2024 Net Operating Loss?
Thanks
