What about the normal capital gain from stock sales (short and long)? Can those be offset from K1 rental losses?
I tried on TT, filled up W2, stock info which had both short term gains, long term gains and Qualified dividends. Entering K1 didn't change anything about the taxes owed.
K1 losses are more than "short term gains, long term gains and Qualified dividends".
I was hoping that these losses will offset the stock gains, but it seems like they are not.
