rootesrooter
Level 3
01-07-2021
03:14 PM
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The taxpayer died with considerable suspended passive rental losses. As I understand it, the taxpayer can make use of those losses on his/her final return, but only to the extent that those losses exceed the difference between DOD FMV and (adjusted?) basis.
But how to enter this in Lacerte? Does it require a footnote?
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