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Business & farm
The information shown for Code 99O47 Cumulative Passive Losses is for your information only. You would not enter this on your tax return.
However, you should confirm that you have reported losses for this investment. If you were unable to match those passive losses with passive income, you may have a carryover that would be available to offset other income now that you sold the investment.
For more information, see IRS Tax Topic 425 - Passive Activities - Losses and Credits.
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‎April 2, 2025
12:54 PM
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