How to check all Carry over PTP/K1 losses have been released after sale?

[sam992116]

I sold K1 PTP entities last year.

I have already checked each and every K1 and each K1 has 3 segment

Regular and AMT - They are showing all carry over losses have been used/allowed.

QBI   section is showing nothing to carry over to 2025

Q: Is there any where else in Form (I used Desk top version) mode to see if all losses have been released?

In the Carry over work sheet  at the very end it is showing QBI deductions Carry overs

Question 29  - Qualified Business Loss carry forward   

Question 30 PTP loss carry forward.  it is showing what was carry forward to 2023 and 2024

Does these PTP carry over losses END for QBI deduction once you sell them?

 I can't tell by looking at it what is carrying forward to 2025?

[Mike9241 · Accepted solution]

QBI is a weird animal. if you have net QBI losses and dispose of the entity, that loss carryforward doesn't go away unless they change the tax losses. it exists until used