The "passive activity" is an investment club where I am the treasurer and general partner, so my activities are NOT actually passive. No real estate or rentals involved. Only the buying and selling of individual stocks. I don't understand why my "passive activity losses" are not offset against the very same "passive activity gains". My PAL is about $3,700 and my capital gain is about $5,700. The loss grows every year do to expenses not included in the club K-1. The partnership can never be sold, only dissolved whenever there is no further interest in investing. Do I have to withdraw some of my money or all of my money to finally take the loss?
