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Where do I find carryforward net operating losses (NOL's) for MLP or LP in an IRA?

My brokerage firm sent a letter saying it might have to file Form 990-T forms on some of my MLP or LP holdings in my IRA and asked me to review any carryforward net operating losses.  But where do I find this?

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4 Replies

Where do I find carryforward net operating losses (NOL's) for MLP or LP in an IRA?

Are you self-employed and file a Schedule C and had a loss in 2018?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Where do I find carryforward net operating losses (NOL's) for MLP or LP in an IRA?

no

Where do I find carryforward net operating losses (NOL's) for MLP or LP in an IRA?

Then you would not have any.  NOL's are business losses that exceed net income from the business.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Where do I find carryforward net operating losses (NOL's) for MLP or LP in an IRA?

I don't believe NOL's apply only to self employed persons.  I have K-1's.  The letter says "review any carryforward net operating losses for MLPs or LPs . . . this information (ie loss schedule, prior-year K-1 forms) could . . .

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