Re: If I have units in an MLP that I work for. On my K1 there is a loss. Since I work there is my interest non-passive or passive?

If I have units in an MLP that I work for. On my K1 there is a loss. Since I work there is my interest non-passive or passive?

Can I claim an income loss for an MLP that I work for and am a unitholder?

posted

As a unitholder you're a limited partner and the loss is passive. Even if you work for the MLP your loss as a result from having units is still passive.

Trying to understand why my K-1 Form 1065 Line 5 Interest Earned amounts are being transferred to my schedule B and why they are not being offset by my passive losses.

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If I have units in an MLP that I work for. On my K1 there is a loss. Since I work there is my interest non-passive or passive?

If I have units in an MLP that I work for. On my K1 there is a loss. Since I work there is my interest non-passive or passive?

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If I have units in an MLP that I work for. On my K1 there is a loss. Since I work there is my interest non-passive or passive?

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If I have units in an MLP that I work for. On my K1 there is a loss. Since I work there is my interest non-passive or passive?

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