Can you offset K1 losses with income? Alternatively can we carry forward the losses?
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tom-sanjose
New Member

Can you offset K1 losses with income? Alternatively can we carry forward the losses?

 
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NancyG
New Member

Can you offset K1 losses with income? Alternatively can we carry forward the losses?

Generally passive losses generated on one K-1 can offset passive gains on another K-1.

Unused passive losses will automatically be carried forward.

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