I have left a partnership in 2019 with a capital loss and received a final K1. There is no current year income, deductions, credits & other items, only $0 for Line 1. Under the Partner's Capital Account Analysis, it shows a beginning capital amount of 26,000, contributed capital of 37,000 and the Other increase as -63000.
Is this capital loss of -63000 submitted in "Enter Sale Information" under Sale Price of -63,000?
Additionally, does that capital loss carry over until is it used to offset capital gains in the upcoming years?
