drbdrb
Level 3
10-16-2023
12:35 AM
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Generally, a decedent's passive losses in the year of death and passive loss carryovers may be used to offset non-passive income on his or her final return. Simply identifying a date of death in the Client Information screen doesn't trigger application of these losses and I do not see a check box anywhere in screen 14.1. Is there a place where this can be identified? Thank you.
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George4Tacks
Level 15
10-16-2023
08:30 AM
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In the input for the activity tied to those losses, enter 2=delete next year in the general information. That disposes of the property and should free up the losses.
Answers are easy. Questions are hard!
drbdrb
Level 3
10-16-2023
10:18 AM
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Perfect. Thanks George!