ashburnconsulting
Returning Member

Capital Gain & Form-8582

Hello,

Over the years (including current year) I have reported losses on form-8582, stemming from multiple K1s. In the current year, I have a capital gain by selling my interest in one of the K1 (and this K1 has never incurred any loss).

 

Can I utilize the losses on form-8582 (which originated from other K1s) to offset this capital gain?

 

Thanks.