Taxpayer's PTP converted, tax free to a C Corp. My understanding is the suspended losses are added to the C Corp stock basis, so how do I mark the K-1 as final without the suspended losses being used currently?
Solved! Go to Solution.
You make a note in your file to delete it next year. There's no way to do what you want to do.
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Thanks, Phoebe.
And for helping so many others throughout the years.
Jay Harris
