Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

K-1 Losses for a Real Estate Professional

Foxies
Level 1

Does a Real Estate Professional get to deduct all K-1 flow through losses from Real Estate Activities?

0 Cheers
2 Comments 2
sjrcpa
Level 15

Maybe.

Do they participate in those activities?

A real estate professional can have passive activities.


Ex-AllStar
qbteachmt
Level 15

You want to start with this Pub:

https://www.irs.gov/pub/irs-pdf/p925.pdf

 

*******************************
"Level Up" is a gaming function, not a real life function.
0 Cheers