@RSUMan So are the losses I listed the passive activity losses? The ($6727), ($6506), and ($2884)?
Yes, I did have some passive income in the form of interest and dividends, but they did NOT exceed the loss amounts each year. Therefore, I would have thought the loss would have decreased due to this offset, but there should still be a loss.
Why does Form 8582 say that the aforementioned losses are not an allowable passive activity loss? I imagine this form is generated after being asked questions in Turbo Tax. I simply completed the K-1 information exactly as listed. Is it a possible glitch?
