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Get your taxes done using TurboTax
You need to indicate that the passive activity dissolved in 2019, and this will be the last year of reporting. Did you receive Schedule K-1? Was this a passive loss from a rental property? Be certain that the carryover losses from prior years are reported. If you used TurboTax in the past, these losses should carry forward automatically from year-to-year. If not, you will need to indicate the amount of carryover losses from passive activities.
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‎April 6, 2020
4:02 PM