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UTAH NONRESIDENT PASSIVE LOSS
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hmosbergea
Level 3
2 weeks ago
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Taxpayer has K-1 from UT. Only income items are -1000 from a passive loss (rental real estate) and 100 from interest,
My understanding is that UT recognizes passive losses but not carryover losses. If this is true, does that mean I have to show the 100 interest income but can not take advantage of the 1000 loss?
Would I show only the income from interest on the nonresident return?
Thanks.
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