If I have a K-1 with depreciation passthrough deduction and i actively manage the rental business do i get credit for it

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I think you mean you are a partner in an LLC or shareholder in an S corporation and received a schedule K-1 that lists depreciation on it. Without seeing the schedule K-1 I couldn't say for sure, but normally the depreciation would be deductible and appear on your tax return as such on page two of schedule E.

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