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Level 1
December 7, 2019
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How do I take current losses on an entire disposal of partnership? The program takes carryover losses but not current. Help

  • December 7, 2019
  • 3 replies
  • 17 views
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Best answer by George4Tacks

https://accountants-community.intuit.com/articles/1858513-entering-a-disposition-with-a-portion-as-ordinary-income-and-the-remainder-as-capital-gain may get you started. You also need to consider basis and gain or loss on termination. 

3 replies

PhoebeRoberts
Intuit Community Champion
December 7, 2019
I can't reproduce this problem. Have you looked at the 8582 worksheets?
abctax55
Level 15
December 7, 2019
:+1::+1:
HumanKind... Be Both
George4Tacks
Level 15
December 7, 2019
Answers are easy. Questions are hard!