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carry forward capital losses
When completing the 1065, where do you indicate the accumulated carry forward losses from previous years and show the amount offsetting gains for the tax year being addressed. Our business is an LLC for my wife and I to trade stocks, bonds, options and futures. We have a sizeable carry forward loss from years past and have a nice net gain for 2021. The 1065 and K-1 seem simple enough except we don't know where and how to show that the 2021 gains being offset with carry forward losses.
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‎February 16, 2022
9:33 AM