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Investors & landlords
Tax pro says that liquidation isn't required for passive losses to be deducted against capital gain. Says that Turbotax is calculating it incorrectly. I checked with another independent tax pro (had to pay him of course) and he verified that partnership sale/liquidation was not necessary to deduct passive losses against capital gains. I am inclined to believe them and am looking for how to change my return through Turbotax to reflect it.
‎November 19, 2020
7:12 PM