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Business & farm
If you do a total disposition, it won't matter since all the suspended losses will be released across all 5 K-1s. If you do a partial, you'll have to figure out a way to allocate Ord Gain across the different K-1s -- maybe the K-1/Sales Schedule will help with that.
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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 1, 2019
6:42 AM