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Level 1
June 2, 2019
Solved

On sched. K-1, how do I find if there is passive activity loss?

  • June 2, 2019
  • 1 reply
  • 17 views
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Best answer by TerryA

Well, for example, on a partnership K-1 a loss on line 2 (Net rental real estate..) or line 3 is passive. Or even line 1 if you didn't materially participate.

For the real scoop look at Form 8582, Passive Activity Loss Limitations, and it's worksheets.

1 reply

TerryAAnswer
Level 8
June 2, 2019

Well, for example, on a partnership K-1 a loss on line 2 (Net rental real estate..) or line 3 is passive. Or even line 1 if you didn't materially participate.

For the real scoop look at Form 8582, Passive Activity Loss Limitations, and it's worksheets.