You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
sam992116
Level 3
mlemaire87
Level 2
jumping421
Level 1
JoanAnt
Returning Member
RA2022
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.