michele
Level 7

husband had lucrative real estate partnership It became passive when he  Becomes totally disabled and placed in the nursing home. Tax year 2020 partnership is placed in wife's name. Wife dies unexpectedly in 2021 so she is entitled to losses for the years in her name.  He is still alive and the prior losses for him should stay with him.  . So program was marked for a number of years for the taxpayer then the last couple years it was marked for spouse. but marking it final for her pulls all the losses. and does not separate them. Am I going to have to remove his prior losses then show them on a future return for him. I hate doing that.  The partnership is still ongoing as it went in the daughters name. Don't know how the lawyer got this all transferred around.  Never anything dull at our office.

 

thanks

Michele

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