Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Are PTP capital losses and Section 1256 contract & straddle losses allowed in the current year?
Are PTP capital losses and Section 1256 contract & straddle losses allowed in the current year?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
GP
Level 2
03-27-2021
09:12 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
A client has a Sch K-1 from a PTP that is a commodity ETF. The K-1 shows a short-term capital loss and a Section 1256 contract and straddle loss. Do these losses flow to Sch D without being limited since capital losses are not passive? The client does have sufficient basis to allow the losses. I know that the capital losses will be limited to a $3,000 deduction in 2020.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
