I received a k-1 from a real estate fund with a Box 1 -2,000 ordinary business income loss. Principal is at risk (checked), but why is passive loss allowed 0 on return?
I am not sure why I should not be able to take the loss. I also have plenty of stock gains that I should be able to offset this loss against.
01220
1 Best answer
Anonymous_
Level 15
Oct 3, 2022 6:39:09 PM
Your stock gains are capital gains.
You cannot use a passive loss (your real estate fund) to offset capital gain.
1 Replies
Anonymous_
Level 15
Oct 3, 2022 6:39:09 PM
Your stock gains are capital gains.
You cannot use a passive loss (your real estate fund) to offset capital gain.