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K-1 Losses for a Real Estate Professional

Foxies
Level 1

Does a Real Estate Professional get to deduct all K-1 flow through losses from Real Estate Activities?

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2 Comments 2
sjrcpa
Level 15

Maybe.

Do they participate in those activities?

A real estate professional can have passive activities.

The more I know, the more I don't know.
qbteachmt
Level 15

You want to start with this Pub:

https://www.irs.gov/pub/irs-pdf/p925.pdf

 

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