Hello,
I have passive income from a couple of sources (e.g., patent royalty, long-term stock sales) and passive income from a rental real estate property. My understanding was that since both these are passive, the latter could offset the former. Are there any income limits for this kind of passive loss-to-passive income offset?
NOTE: I am NOT talking about using the passive losses to offset NON-passive income. I understand there is an income limit and a phaseout for that situation (starting with the $25000 special allowance) - I am NOT talking about that, but rather just passive to passive.
Thanks in advance.
