As usual, I was trying to out think the situation.  He had over $22K repairs to a small aircraft in 2023, but made minimal income with the S Corp.  Then it needed another repair that would be in excess of $40K that was not done.  He sold the aircraft for $1 in 2024.  It had depreciated out for the most part, minimal capital loss if any. No gain.  Was trying to see what was best for 2024 return would look like if there could be a loss carryover.  He's closing the business, in 2024.  He has enough other income that getting a negative K-1 for 2023 will be fine and close it up next year.  I thought about doing the repair as a depreciation improvement for a capital loss, but he has no other investments that produce gains to off set.  Think I just need another cup of coffee (or a nap!)  Thanks for answering.