https://ttlc.intuit.com/community/taxes/discussion/re-passive-loss/01/3257818#M1198190 <P>assuming the k-1 is marked final you must indicate in Turbotax that you disposed of your entire interest.&nbsp;</P> <P>&nbsp;</P> <P>the screen for describing the partnership check the box that the partnership ended in 2023</P> <P>and in the next screen complete disposition.&nbsp;&nbsp;</P> <P>there will be more questions such as sales price and basis</P> <P>in theory sales price and basis would be zero</P> <P>&nbsp;</P> <P>that is whatever money you put in +/- net income/loss for all the years - distributions for all years should equal zero.&nbsp;</P> <P>&nbsp;</P> Thu, 14 Mar 2024 05:58:43 GMT Mike9241 2024-03-14T05:58:43Z https://ttlc.intuit.com/community/taxes/discussion/passive-loss/01/3257640#M1198125 <P>I have a passive loss carry over, that I have not been able to deduct since I have no passive income.&nbsp; But now I have sold the partnership that generated the passive loss.&nbsp; Can't I deduct my passive loss now?&nbsp; How do I tell turbotax to deduct the loss?</P> Wed, 11 Feb 2026 06:05:15 GMT https://ttlc.intuit.com/community/taxes/discussion/passive-loss/01/3257640#M1198125 MooreCE 2026-02-11T06:05:15Z https://ttlc.intuit.com/community/taxes/discussion/re-passive-loss/01/3257818#M1198190 <P>assuming the k-1 is marked final you must indicate in Turbotax that you disposed of your entire interest.&nbsp;</P> <P>&nbsp;</P> <P>the screen for describing the partnership check the box that the partnership ended in 2023</P> <P>and in the next screen complete disposition.&nbsp;&nbsp;</P> <P>there will be more questions such as sales price and basis</P> <P>in theory sales price and basis would be zero</P> <P>&nbsp;</P> <P>that is whatever money you put in +/- net income/loss for all the years - distributions for all years should equal zero.&nbsp;</P> <P>&nbsp;</P> Thu, 14 Mar 2024 05:58:43 GMT https://ttlc.intuit.com/community/taxes/discussion/re-passive-loss/01/3257818#M1198190 Mike9241 2024-03-14T05:58:43Z