K1's

[eileenfinke]

Can K1 looses from a publicly traded MLP, be used to offset capital gains from a rental house sale

[M-MTax]

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@eileenfinke wrote:

Can K1 looses [sic] from a publicly traded MLP, be used to offset capital gains from a rental house sale

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Capital gains are treated as nonpassive income whereas losses from a limited partnership are passive losses.

Passive losses can generally only be used to offset passive income. Thus, the answer is typically "No".