DavidS127
Expert Alumni

Investors & landlords

Make sure that you checked "This partnership ended in 2019" and "Disposed of a portion of my partnership interest in 2019" on the "Describe the Partnership" screen where those options are listed.

 

Also, make sure any disallowed losses prior to 2019 are entered as "carryover" losses.  To enter your prior year unallowed passive losses, on a later "Describe the Partnership" screen (see below), select the "I have passive activity losses carried over from last year" line, and the following screens will have boxes for your disallowed loss carryovers from 2018.

 

In the year of disposition, all your losses, including your losses disallowed in previous years, should be deducted on your 2019 tax return, subject to any basis limitation.

 

Here's a screenshot of that "Describe the Partnership" screen:

 

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