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
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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
- :
- Re: Offsetting Passive Income from a Partnership with Passive Losses on Schedule E
Offsetting Passive Income from a Partnership with Passive Losses on Schedule E
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
MikeB_CPA
Level 5
03-20-2021
11:57 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
qbteachmt
Level 15
03-24-2021
11:47 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
