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eileenfinke
Level 2
April 5, 2026
Question

k1's

  • April 5, 2026
  • 6 replies
  • 80 views

are the loses on a K1' subtracted from your rental income on schdule E?

    6 replies

    MaryK4
    MaryK4
    Level 15
    April 5, 2026

    Yes, losses from a Schedule K-1 can be used to offset rental income on your Schedule E.

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    E
    eileenfinkeAuthor
    Level 2
    June 20, 2026

    Can I offset rental income with K1 losses on a publicly traded MLP

    M-MTax
    M-MTax
    Level 15
    June 20, 2026

    It depends but typically you can since rental income is income from a passive activity while losses from MLPs are usually passive activity losses.

    E
    eileenfinkeAuthor
    Level 2
    June 20, 2026

    Can I offset the  capital gains of a sale of a rental property with K1 losses on a publicly traded MLP?

    M-MTax
    M-MTax
    Level 15
    June 20, 2026

    No. The K-1 losses are passive losses (i.e., loss from a passive activity) and generally capital gains cannot be offset by passive losses.

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