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You may be subject to passive activity loss limitations. Form 8582 (Passive Activity Loss Limitations) will show if you weren't able to take the loss this year. The loss is not gone, though. It will carry over to a future tax year.
To check Form 8582, here's how to preview/print/review your returns:
No, that's not it. The partner is a general, active partner; not a passive partner.
@rayurban1 wrote:No, that's not it. The partner is a general, active partner; not a passive partner.
Rental property is automatically passive, even if the person is active. As was noted above, the Passive Loss will be carried forward on Form 8582. Look for it on your tax return.
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