- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If the amount was listed in box 2 it would be a net rental real estate activity, which is what the passive loss rules apply to that you mention. This rule does not apply to box 3, which is 'Other Rental Income (Loss).
This loss can only be used against other passive income. If you believe the entry is in the wrong box you can request a corrected K1.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 22, 2023
6:25 AM