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Question on how to report a tax loss on sale of a partnership
I have been invested for 4 years in an investment partnership. I earned book income of $98,704 during this period. The final K-1 estimate and the prior years K-1 have allocated $227,894 of taxes to me. That means I have to report a tax loss on the sale of this investment of $129,190. Where and how do I do that?
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‎December 15, 2024
10:10 AM