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Level 1
June 5, 2019
Solved

I entered k-1 loss and there was no change in federal tax due. Why not?

  • June 5, 2019
  • 1 reply
  • 16 views
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Best answer by Zbucklyo

Most likely because it would generally be considered a passive loss.  Passive losses can only be used to offset passive income, or they are carried over to future tax years.

1 reply

ZbucklyoAnswer
Level 8
June 5, 2019

Most likely because it would generally be considered a passive loss.  Passive losses can only be used to offset passive income, or they are carried over to future tax years.