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pschafer531
Level 2
May 7, 2025
Question

Taking Suspended Passive Loss on Complete Disposition of Publicly Traded Partnership

  • May 7, 2025
  • 1 reply
  • 2 views

I have a cureent year passiv loss on a publicly traded partnerhsip K-1. The clinet completely disposed of this interest in 2024. However, ProConnect is suspending the passive loss due to passive loss limitations (not due to basis or at-risk limitations). How do I get ProConnect to recognize that the interest in the PTP has been completely disposed of and to recognize the passive loss this year?

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    1 reply

    abctax55
    abctax55
    Level 15
    May 7, 2025

    How did you 'tell' PTO that it was a complete disposition?

    In Lacerte, it's done by checking the box "delete for next year".

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