Jump to content
ATX Community
Sign in to follow this  
Possi

SUSPENDED LOSSES ON SOLD RENTAL

Recommended Posts

16 hours ago, BulldogTom said:

Passive income does not have to come from the same activity to offset passive losses.   It just has to be passive income.  Are you sure his K-1 from his S Corp is really throwing passive income?   

Tom
Modesto, CA

Indeed, it was not. Judy really nailed it for me. The software was right. I just couldn't wrap my head around the analysis at all. Whew. Thank God for this forum, and especially Judy for holding my hand and walking me through this. 

  • Like 2

Share this post


Link to post
Share on other sites

The exception is publicly traded partnerships, where passive losses can only offset passive income of that particular partnership. 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...