Solved
Conversion of PTP to C Corp.
Taxpayer's PTP converted, tax free to a C Corp. My understanding is the suspended losses are added to the C Corp stock basis, so how do I mark the K-1 as final without the suspended losses being used currently?
PhoebeRobertsAnswer
Intuit Community Champion
October 6, 2020
You make a note in your file to delete it next year. There's no way to do what you want to do.
