MikeB_CPA
Level 5
03-22-2021
11:26 AM
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I posted this earlier but did not hear from anyone, so I am hoping someone has some experience they can share on this topic.
My client has several partnerships which have generated passive rental income. He also has a rental property (Sch. E) which has generated accumulated passive rental losses. I thought that the Sch. E passive loss were permitted as an offset up to the amount of passive income from the partnership, but I cannot figure out how to do it...or if I am even correct in my thinking. Thoughts?
Thanks very much.
Mike
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