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'Disposition was not via a sale'. That will mark the K-1 as 'Final' but leave the suspended losses suspended. Then, at some point in the future when you're doing the K-1 for the merged eReit, you'll be asked about carryover suspended losses. You'd add in anything hanging around from this dead eReit, and you'll have everything taken care of from a TT perspective.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 20, 2021
8:52 PM
1,160 Views