Solved
Partnership input screen shows there are Basis Carryover losses but tax return does not reflect these losses. Do these losses require manual input on Sch D?
Final return=yes
sjrcpaAnswer
Level 15
October 7, 2020
No. They are lost. No basis = no loss can be claimed.
One wonders why this didn't zero out on a final return. Chances are client was allocated too much loss in prior years.
The more I know the more I don’t know.
