Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • Created with Sketch. See our most popular resources. Lacerte Hot Topics.
    Created with Sketch. See our most popular resources. Lacerte Hot Topics.
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    K-1 Losses for a Real Estate Professional

    Foxies
    Level 1
    ‎06-09-2022 09:03 AM

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

    Labels
    0 Cheers

    This discussion has been locked. No new contributions can be made. You may start a new discussion here

    2 Comments 2
    sjrcpa
    Level 15
    ‎06-09-2022 09:17 AM

    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
    ‎06-09-2022 10:53 AM

    You want to start with this Pub:

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

     

    *******************************
    Don't yell at us; we're volunteers
    0 Cheers
    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2025 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security