- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
No. Passive losses are only offset by passive income, not income from stocks, bonds, interest and dividends. There are limited partnerships that might pass passive income through a K-1.
According to the IRS:
- Passive: Rentals and businesses without material participation. A limited partner is generally passive due to more restrictive tests for material participation. As a result, limited partners will generally have passive income or losses from the partnership
Please see this link for more information: LINK
ā€ˇFebruary 10, 2021
7:36 AM