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Updated about 4 years ago on .
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Folks
Not sure if I'm allowed to mention specific fund names here but I'm invested in a popular ATM fund run out of a company in PA. Their K1 shows my ownership in about 12 states with losses ranging from $12 - $1000. Since ATM assets really don't have much value left at fund closing or disposition time, I would likely not have any profits on the last K1. Hence, is it needed to really file those 12 state returns? I understand filing for states where I'm a passive investor in a multi-family property since I do want to carry-over losses when the property sells but don't understand if I need to do that for ATM
Thanks
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- Tax Accountant / Enrolled Agent
- Houston, TX
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