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Loss from K-1 not showing on Schedule E
I am a limited partner in an LLC. We sold our rental in 2022. This year we only had interest income from an I- Bond and a bank CD. We had a loss since our expenses were more than the income. We dissolved the LLC in Dec 2023. I was having issues with entering the information that was brought over from 2022, so I deleted the K-1 and started over. I showed the LLC as a disposition via no sale. I added all of the information from the K-1 including box 2 as a negative number. Now it will not show the loss on Schedule E under passive loss amount. It seems there is a loss limitation. Why is that? How can I get the loss to show on Schedule E?
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‎February 26, 2024
5:37 AM