Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- A partner is renting out a rental in an LLC she is 1/3 partner
A partner is renting out a rental in an LLC she is 1/3 partner
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
taxprep5268
Level 2
03-02-2022
02:41 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a 1/3 partner in an LLC who started renting out at fair value the only rental asset this LLC owns in 2021. I use her rental days as personal days, but FORM 8825 still generated a deductible loss to all partners, but I believe the loss should be zero, or suspended. I have entered all the activity, but I don't know who to suspend or mitigate the loss to zero in this special circumstance.
Labels
