DavidS127
Expert Alumni

State tax filing

Ask the preparer of the GA Schedule K-1 you received if the amounts from the statement attached to your GA Schedule K-1 must be reported on the GA state tax return.  If so, you should find a "screen" in the TurboTax state tax questions to enter those amounts.

 

To the extent you have passive losses, those losses are "suspended" at both a federal and state level, and the cumulative suspended amount is carried forward until such time as you have passive income or (more commonly) when the partnership disposes of the property.

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