3326577
The Schedule K-1 I received from a publicly traded partnership has a note that says "if you have a passive loss (i.e., the sum of Lines 1, 9a, 10), you should generally not report that loss on your federal or state tax returns unless you disposed of all your partnership interest). There is a passive loss and interest in the partnership is still owned. So how should the K-1 be entered in TurboTax? Is there a place to indicate that not all property has been disposed?
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Just enter the K-1, following the prompts in the interview. TT will track passive losses (and carry them over to future years) until you sell (there are prompts to record a sale) or have passive income.
Just enter the K-1, following the prompts in the interview. TT will track passive losses (and carry them over to future years) until you sell (there are prompts to record a sale) or have passive income.
Which product/version do I use?
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