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Releasing Suspended Losses in Final S-Corp Tax Return

Lizhoh
Level 2

How do I release the suspended losses to the SH K-1 from a S-Corp in its final return?  Is this manual?  I checked the Final Return box on the 1120S and I would think that the suspended losses would carry automatically to the SH K-1.  

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1 Comment 1
sjrcpa
Level 15

What kind of suspended loss would an S Corp have?

The more I know, the more I don't know.
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