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franksterner
February 28, 2025
Question

I was in a partnership that I exited in '24. I have suspended losses from previous tax years, how do I get turbo tax to release the suspended losses from previous years?

  • February 28, 2025
  • 1 reply
  • 0 views
The suspended losses are in multiple categories, Ordinary loss, Section 179 and Unreimbursed expenses

    1 reply

    R
    RobertB4444
    February 28, 2025

    When you enter the K1 for your partnership indicate that this is a final K1.  That should cause all suspended losses generated by the partnership to be used.

     

    @franksterner 

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