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posted Jun 1, 2019 6:54:13 PM

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

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1 Best answer
Intuit Alumni
Jun 1, 2019 6:54:15 PM

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 Replies
Intuit Alumni
Jun 1, 2019 6:54:15 PM

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.