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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This was just posted again, so there is Duplicate. The other one has answer input:
I will mark this for deletion.
There is no need to keep asking. You asked the very same people that saw it the first time.
Thanks.
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