- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Which step by step procedure deals with a passive activity loss carry forward on a partnership that was sold this year? How do I take advantage of the loss?
I assume that I need to file form 8582, but is there some step by step procedure that walks me through this. This is for a limited partnership with a K-1 form.
Topics:
June 5, 2019
11:17 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
When going through the K-1 Step-by-Step there is a screen titled (this is in Deluxe. H&B may be a little different here but it's still there), Describe the Partnership. One of the checkboxes there is I have passive activity losses carried over from last year. Check that box and you will subsequently get the opportunity to enter the suspended loss(es).
June 5, 2019
11:17 PM