ira
Level 2
06-25-2023
05:46 PM
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Taxpayer is in a real estate partnership. He is in NY. The property in VA.
The federal k-1 shows a 1k loss
The NY k-1 shows 100% allocation of the loss to NY.
The VA k-1 shows the 1k loss as well.
Should i be filing a VA k-1 to reflect the passive loss; not even sure how VA handles passive losses.
ty!
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