Level 15
01-28-2023
08:42 PM
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Active participation is only for estates
Material participation is only if youre a real estate professional.
Those are the messages it gives for as Simple trust with Sch E when you mark those boxes.
@PeteY48 so your passive losses will only offset passive income, looks like your losses are suspended until theres either passive income to use it against or the property is sold, then they can be used.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪