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M
mj_sapp
March 13, 2021
Question

TT is using losses from my publicly traded partnership to offset gains from a rental home. My understanding is that PTP losses cannot offset other losses.

  • March 13, 2021
  • 1 reply
  • 0 views
How to stop Turbo Tax from using publicly traded partnership losses to offset other passive income?

1 reply

A
Anonymous_
Employee
March 13, 2021

That, in general, should not be happening. You might want to check your entries in the K-1 section for the PTP to ensure you did not inadvertently indicate you participated or otherwise missed a screen.

 

If all appears correct, you might want to contact phone support.

 

What is the TurboTax phone number? (intuit.com)

 

 

 

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