Goodwins1
Returning Member

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.