topic Can Rental income, losses offset MLP or PTP stock income, losses in Get your taxes done using TurboTax

Can Rental income, losses offset MLP or PTP stock income, losses

Canonical — Tue, 10 Mar 2026 06:03:31 GMT

I understand Rental income/expenses being passive cannot offset normal stock gain/loss but Can Rental income, losses offset MLP or PTP stock income, losses (since that is passive too)?

Re: Can Rental income, losses offset MLP or PTP stock income, losses

Anonymous_ — Mon, 26 Sep 2022 01:35:26 GMT

See https://www.thetaxadviser.com/issues/2019/apr/publicly-traded-partnerships-tax-treatment-investors.html

Generally, passive losses can be used to offset passive income but PTPs receive different treatment.

Re: Can Rental income, losses offset MLP or PTP stock income, losses

Mike9241 — Mon, 26 Sep 2022 01:59:59 GMT

MLP/PTP as @Anonymous_ stated receives special tax treatment. each one stands on its own. a loss on one can only be used to offset future income from the same entity unless there is full disposal. upon full disposal, any unused loss is allowed but becomes nonpassive. in the meanwhile, income from one is taxable unless it is offset by prior years' loss carryforward.