I entered all the data from the physical copy of multiple K-1 to TT K-1 forms. My all K-1 is from multi-family, multiple partnership LLC. I invest as passive individual investor. Form 8582 page 2 shows the total loss of all K-1 combined but says “Unallowed Loss” for each of the K-1 depreciation amount. So, I do not get to deduct any depreciation in my form 1040. Is this normal or TT did not process the K-1 correctly?
When I will be able to take the depreciation loss? I thought, I could take the full depreciation from the very first year.
