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msmith7305
Level 7
09-22-2024
08:59 PM
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I have a TX resident who is a passive partner in a partnership. The Fed K-1 shows a loss of $30,000. The LA K-1 for this partnership shows a loss of $5,000 attributable to LA. He, of course, has a suspended loss on his federal return. Shows on Form 8582 as expected. It is my understanding that the $5,000 loss is suspended for LA as well. However, I find nothing in the return for Louisiana that shows there was a suspended loss and no tracking mechanism. Any thoughts on this?
Thanks in advance
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