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dlibutti2
New Member

I have K1 income from rental activity and Sch E losses from rental activity, but my losses do not appear to be offsetting my gains. Is there something I need to do?

 
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JamesG1
Expert Alumni

I have K1 income from rental activity and Sch E losses from rental activity, but my losses do not appear to be offsetting my gains. Is there something I need to do?

When entering the rental activity K-1, what did you select at the screen Did you activity participate?

 

If you selected No, a rental loss may not offset other gains in the tax return.

 

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