joe Posted April 6, 2011 Report Share Posted April 6, 2011 If a taxpayer, who is clearly a real estate professional, recieves and reports his commission on his single memeber llc (schedule C), with profits being subject to SE tax. If he receives several K-1's for other Real Estate partnerships he is involved in, can he use those losses to offset his self-employed income for SE tax purposes? Quote Link to comment Share on other sites More sharing options...
joanmcq Posted April 6, 2011 Report Share Posted April 6, 2011 No. Quote Link to comment Share on other sites More sharing options...
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