Skip to main content
Level 1
April 4, 2022
Question

gas royalties

  • April 4, 2022
  • 1 reply
  • 4 views

gas royalties from K-1 have net income but TT desktop treats all related depletion as passive instead of portfolio

    1 reply

    Level 15
    April 6, 2022

    If you are a limited partner on the K-1 and not a general partner then your deductions are passive.

     

    Look here for more information.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"