I thought you said you had only one K-1. If you have other K-1's, and these other K-1's are not from rental real estate activities, then you must have one or mo...
If I follow your first question correctly, Yes your taxes are based on amount reported on Line 15 Form 1040. This amount would include income (and allowable los...
I'll try to limit my reply to your questions...Depreciation from LLC/Multi-member partnership (LLC/MMP) rental property WILL NOT APPEAR on Form 1040 but will in...
Your latest questions are tax code related and not TT specific. If you don't understand passive/active losses and limits, and how partnership income/expense is ...
