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Get your taxes done using TurboTax
Leonard, George, MilZero,
since 2021 (my first year trading real $$) resulted in losses approximately 20x the $3k loss deduction limit (without MTM status), a friend suggested looking in to filing as a partnership with my spouse and use a k-1 to allow us to flow the losses back to us. While filing a partnership would be new to me on turbotax, it does seem doable. Does that sound like a reasonable solution that could allow us take deductions on this large loss (quicker than 20 years at least)?
‎April 18, 2022
7:07 PM