DAZ
Level 1
10-14-2020
09:40 PM
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Hi - I have an investment in a partnership (hedge fund) and for the past few years they've reported an operating loss from one of their portfolio investments. I've carried that loss forward until 2019 when the fund sold that investment entirely.
I don't think I can check the Final Box because it's not a final K-1, we are just out of that investment so now I want to take the accumulated losses, because I was hit with the capital gain from the fund zeroing out it's basis in that company (it had a negative basis in the investment from the annual investment losses).
My investment in the fund is still a going concern.
Thanks again.