LLC Rental loss K1

[ScottW00]

I have a loss reported on a K1 from a rental LLC I am member of. The LLC is a partnership. TurboTax is suspending the loss for 2020. I can only offset this loss again other passive income?

[mulvj]

Internal Revenue Code Section 469 governs losses from "passive activities." Rental real estate is a passive activity. Generally, passive losses may be offset only against passive income.  There are exceptions for real estate professionals and another allowance of up to $25,000 in losses from activities in which you "actively" participate. That $25,000 amount phases out if Adjusted Gross Income ("AGI") exceeds $100,000.  Good luck.

[ScottW00]

Would income from RSU stock sale also be considered passive and offset any passive losses from my rental property?

[gloriah5200]

No, losses from the sale of stock are not considered passive losses.