1) You wrote: Now for the second question, it "feels" as if entering K-1 amounts is a waste of time. But not so. First its required. "
Could I not postpone K-1 entry until the time of the first disposition of one of my property?
2) You wrote: "More importantly, your currently unallowed passive activity losses carry over year to year until you have passive activity income to offset the losses."
Same, Could I not postpone this until I see a net profit?
3) You wrote: "Also, losses from one passive activity can be used to offset gains from another activity."
I do not have any net profit/gain from any of my real estate property yet.
In addition, why TT doesn't not allow me to offset my other passive income through nor real estate activities with the real estate depreciation/losses as shown in K-1 as of today?
Since TT is not transferring the net depreciation and losses from the K-1 to 1040 I can't offset my other passive income that comes through non real estate activity.
