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After you file
Generally, PTPs generate losses which are suspended until you sell. In addition to updating your income, TT is also tracking those losses, and will automatically carry them over for you when you do next year's return. Whether or not you amend your return, you definitely don't want to lose track of those losses.
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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!
‎June 1, 2019
12:47 PM