How to resolve PTP loss carryforward when no longer own passive investments

you didn't do something correctly in 2019. if you had the passive loss would have been allowed.  in Turbotax final k-1 needed to be checked. also, you needed to enter certain disposal info in the supplemental k-1 section. this is completely separate from the reporting the sale on form 8949. sorry, but unless you extended the 2019 return, you have permanently lost the ability to claim this passive loss. without an extension an amended return needed to be filed by 4/17/2023

Mike, Thanks so much for your prompt reply. You're right; I think I didn't enter all the disposal information in the 2019 schedule K-1 supplemental information statement (K-1 codes 20AH) . However, in reviewing the 2019 information I entered in the Turbotax K-1 dialog, I don't see where I could have checked Final K-1. At any rate, since I didn't extend the 2019 return, it looks like I can't claim this passive loss.

So: Is there a way I can get Turbotax to drop the PTP loss and not have it carried forward any more?  I would like to simplify my return. Thanks for your help!

i may use a different version (desktop so i can use forms mode) and I see where the problem could have arisen.  in interview mode (online and also used in desktop) Turbotax does not ask the question "is this a final k-1" but rather the question "this partnership ended in 2019", extremely bad wording on TT's part because I would interpret this as the whole partnership not my interest.  without that box being checked you never get the disposal question.

i really don't know how to delete a K-1 in the online version like you can in desktop but you can certainly delete the carryforward info and check that box about partnership ending in 2022. then indicate you sold it for zero or perhaps better see if another online user can suggest a method or contact support. 

The Schedule K-1 can be deleted in the online version by going to Tax Tools -> Tools -> Delete a form, then clicking the Delete link next to the particular Schedule K-1.

I use the desktop version of Turbotax and got hung up on the question "this partnership ended in 2019". I didn't check that box because my interpretation was the same as yours: The partnership didn't end, only my participation in it ended. Apparently that's how I never got the disposal question and never was able to have the loss taken into account. 

I will try your suggestion for how to stop the loss carryforward; thanks!

dmertz, Many thanks for the suggestion; I am using the desktop version of Turbotax, but maybe this idea will work there. Will try it.