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poolcleaner
Level 8
July 15, 2024
Solved

Sale of final lot of PTP

  • July 15, 2024
  • 1 reply
  • 6 views

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

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Best answer by sjrcpa

Are you sure it didn't get used last year, even inadvertently? 

Otherwise it should carryover. 

1 reply

sjrcpa
sjrcpaAnswer
Level 15
July 15, 2024

Are you sure it didn't get used last year, even inadvertently? 

Otherwise it should carryover. 

The more I know the more I don’t know.
    P
    poolcleanerAuthor
    Level 8
    July 15, 2024

    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.

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