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I have passive activity loss from an investment club (stocks) . How can I offset it against the capital gains I have on my K-1? or against my other capital gains?
All the passive activity loss questions seem to deal with real estate. My passive activity losses stem from investing in the stock market (individual stocks, not mutual funds) and keep growing each year by a little bit. I don't understand why the losses aren't used in the software to offset capital gains from the same investing activity on my K-1 or even offset other capital gains I have on stock sales.
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‎June 6, 2019
5:22 AM