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Business & farm
I have a new client for 2019 who had a final LLC K-1 in 2018 with x179 carryover of 2k to 2019.
Does this just get lost now and cannot take for 2019? Or can it be taken as some sort of Capital Loss like "Personal Debt Unrepaid"? Or as an itemized deduction for CA only against W- income? (not allowed for Fed anymore).
‎February 19, 2020
2:59 PM