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Business & farm
@phedwards2 wrote:
Yes I invested $100k in the partnership and had $250k nonpassive losses, so I could only deduct $100k this year (limited by my invested amount). So I would like to carryforward the remaining $150k to next year.
You have an at-risk issue.
TurboTax should have generated a Form 6198 and also an At-Risk Limitation Allocation Worksheet.
‎August 23, 2022
5:50 PM