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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.
‎June 23, 2020
12:23 PM