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Final K-1 from Trust
I received a final K-1 from a trust. I marked it final in Turbo Tax but the prior year losses aren't being released and it's only allowing a portion of the current year's loss.
If these are capital loss carryovers, then only $3000 can only be claimed yearly, if this is the portion of the loss you are referring to. The remainder of the losses are forever lost even if this is a final return.
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