In past I owned and SOLD all shares of my MLP-K1s BUT they do have carry over losses. Not sure how to use them and what kind of income can be offset by those carry over losses.
Q. How long one can carry over those losses from K1?
Q. Do you have to report each with your tax return that you have carry over losses?
Q. How to use those Carry over losses. These are K1 losses not capital loss from SchD of 1099.
Anyway each year TurboTax asks me if I got K1 of all previous year K1 partnerships. I select No then I can't see them any more in current year taxes any where not even forms mode. I do have record from previous years (until year they were sold) that they are accumulated losses.
How to overcome that? Can one import those work sheet from previous years or NO. I have to manually remember it.
