Marie Posted April 14, 2022 Report Share Posted April 14, 2022 How do you tell if the partnership is a passive activity? is it marked somewhere, or just have to ask the partner? I have ordinary business loss on line 1 of partnership return. Don't know if it is all deductible or to the extent of other investment income Quote Link to comment Share on other sites More sharing options...
mircpa Posted April 15, 2022 Report Share Posted April 15, 2022 Ordinary losses arises on account of active or material participation right ? Deductibility should be subject to basis limitation Quote Link to comment Share on other sites More sharing options...
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