Normally would agree but in the supporting schedules of the K-1 under Passive Activity Analysis some of the gain from Box 9a LT Cap Gain is noted as may represent passive income. Since I have some passive losses I would really like to use it but agree it is confusing.
Also found this digging around.
Capital gains are typically portfolio and not passive. But if you have gain from the disposition of a passive activity (eg sale of rental property) than this is considered a passive gain.
Appreciate your taking the time to respond. This investment is incredible complicated.
