My child received a K1 from her grandfather's estate reporting rental income in box7. It also shows a 'Depr-A' deduction in box9. Can box9 be used to offset box7?

[Anonymous_ · Accepted solution]

"Can box9 be used to offset box7?"

Yes, and that typically will happen automatically after you input the figures into TurboTax. 

The offset will not result in a negative figure on the return unless certain requirements are met, in this case probably most important would be active participation in the rental (or the fairly clear lack thereof).