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Investors & landlords
we can't see your return
the unused losses from 2019 and 2020 are not depreciation per se. you for each property you end up with a net passive loss or profit. they are netted and if a net loss some or all may be allowed if your adjusted gross income is less than $150,000. any unallowed loss is carried forward but it is not identified as depreciation just as a passive loss which shows up on form 8582. so look to form 8582 to see what's reported.
In 2021, the passive gain in the K-1 investment exceeded the passive loss realized in 2021 so I had expected turbotax to use the carried depreciation from the previous years to net this to zero. not quite right it would be the passive loss carryforwards that would be used to net to zero.
again look at form 8582 to see what's being reported.
if the K-1 is from a publicly traded partnership (Part 1 box D would be checked) that passive gain can't be used to offset the passive losses from your personal rental activities and won't even show up on form 8582