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Business & farm
"Disposition was not via a sale". This lets you do all the K-1 entries for Spectra, but leaves the losses suspended for 2018.
Next year, when you're completing your Enbridge K-1 (2019 taxes), TT will ask you if you have suspended losses from 2018. You'll manually enter the Spectra numbers into the Enbridge form.
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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 6, 2019
1:25 AM