jantzhoffman
Returning Member

Investors & landlords

Same problem with a different twist.  Our short term rental is owned in a partnership, so we received a K1 with the losses reported in box 2.  However TT doesn't allow us to treat the box 2 rental losses at nonpassive and such dont get the deduction.  The 4 of us equally manage the short term rental (2 couples) ourselves.  So we do ALL the work as a partnership and the average stay is less than 7 days.  If anyone figures out how to get TT to allow the K1 losses to be treated as nonpassive that would be hepful.