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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.
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.
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