How does one show the loss from a prior year partial sale of PTP in the current year with a total sale of remaining interest in the current year? I remember it as carrying forward automatically but that isn't happening.
Another Former All Star
Best Answer Click here
Are you sure it didn't get used last year, even inadvertently?
Otherwise it should carryover.
Yes, I had schecked that. It was sold in 2021 and it tried valiantly to be lost for eternity! I just figured out where to put it in the carryover section of the worksheet as the sale of partnership interest. Thank you for the good suggestion.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.