llhytrek
Level 1
10-07-2020
05:55 PM
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Final return=yes
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sjrcpa
Level 15
10-07-2020
06:15 PM
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No. They are lost. No basis = no loss can be claimed.
One wonders why this didn't zero out on a final return. Chances are client was allocated too much loss in prior years.
The more I know the more I don’t know.
