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Investors & landlords
Carl, the add-on user posted a separate question:
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4502733-i-sold-one-of-four-rental-properties-through-a-llc-k-1-qua...>
It is in a Partnership, so the Passive Losses are from the Partnership, not the rental properties. So until the Partnership Interest is disposed of, the Passive Losses are not released.
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4502733-i-sold-one-of-four-rental-properties-through-a-llc-k-1-qua...>
It is in a Partnership, so the Passive Losses are from the Partnership, not the rental properties. So until the Partnership Interest is disposed of, the Passive Losses are not released.
‎June 6, 2019
6:27 AM