MikeB_CPA
Level 5

I posted this earlier but did not hear from anyone, so I am hoping someone has some experience they can share on this topic.

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

0 Cheers