Passive Loss

[MooreCE]

I have a passive loss carry over, that I have not been able to deduct since I have no passive income.  But now I have sold the partnership that generated the passive loss.  Can't I deduct my passive loss now?  How do I tell turbotax to deduct the loss?

[Mike9241]

assuming the k-1 is marked final you must indicate in Turbotax that you disposed of your entire interest. 

the screen for describing the partnership check the box that the partnership ended in 2023

and in the next screen complete disposition.  

there will be more questions such as sales price and basis

in theory sales price and basis would be zero

that is whatever money you put in +/- net income/loss for all the years - distributions for all years should equal zero.