1. It is a long-term gain (I have had a interest in K1 over 24 months)
2. My question:
Over the years (including current year) I have reported losses on form-8582, stemming from multiple K1s. In the current year, I have a 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 gain?
Thanks.
