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Get your taxes done using TurboTax
did you actively participate or were you a passive investor? rental income or losses by definition are passive items. if you are a passive LLC member, the passive loss can only be used to offset passive income. if active LLC member was your adjusted gross income before the rental loss over $150,000, then again no deduction. review form 8582.
‎June 24, 2020
11:20 PM