I have losses from partnership real estate company on my schedule k-1. i am not getting any deduction for it in my taxable income.total gross income is 262000.
my gross income is 262000 for the family (wife and I).
i don't see any deduction from the rental on line 17 is coming as 0.
i have 40,000 loss reported on my schedule K-1 and i am 50% partner in the general partnership firm.
