Hi! I'm preparing the final return for a relative who passed in 2020. She had suspended, unused PALs from a couple PTPs and an S Corp. I understand these losses should flow to taxable income in her final 1040. I also believe these losses are to be reduced to the extent of the step up on the investments. My question is: How do I make this happen in Turbo Tax? I've entered the date of death and noted that the K-1s are final K-1s for those investments, but the losses stay suspended. It seems like maybe there's a box somewhere that I need to check? Or some form that needs additional input? Whatever hints and help you can share are greatly appreciated!
