I invested in several real estate partnerships (starting in 2022) and have received multiple K-1's. However, none of these K-1s have reported any income, nor will I take an "active loss" from any of them. Additionally, in practice, I have received no distributions from them of any kind.
1) Do I need to include these K-1s when I file?
2) If 1 is no, then is there any reason to include them?
(E.g., Need to report capital account information / business losses so that if a taxable event occurs then TurboTax will have the information to carryover the proper deductions.)
Essentially, can I ignore these from a tax perspective until I receive any income/gain from them? I imagine the K-1 from that period would automatically carry forward losses / capital accounts to offset the income reported in that year.
Thank you!
