Client has a passive k1 loss(rental) of $50000 this year. How can i offset passive loss with Non passive income. SchE L 28 shows 0 under Non passive Loss K-1. Married couple their income is $350k. Pls advise
Solved! Go to Solution.
No. You would need Real estate professional to use loss against other income in your income bracket.
Try reading some of the rules; you seem to need more experience in this area.