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July 12, 2022
Question

How do I convert a suspended passive loss from final K1 to a nonpassive loss that can carried forward to next year

  • July 12, 2022
  • 1 reply
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1 reply

Critter-3
July 12, 2022

Passive losses are released in the year of sale so there is nothing to be carried forward and applied to anything next year.