I became a passive investor in a LLC initially which generated prior-year Passive Losses. I later became an Active partner for the remaining years we held this company investment (so losses for those years were taken in the year incurred, and the prior passive losses carried over). In 2024, we sold this company. How do I report this in turbo tax once I get my K-1? I am of the understanding that upon disposition of this asset, I should be able to offset the capital gain by the amount of the prior-year "suspended" passive losses recorded from this asset...correct?
