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April 12, 2023
Question

I have active income from the partnership i work in and have passive losses from two venture partnerships--TT is deducting the losses against my active income ---why?

  • April 12, 2023
  • 1 reply
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why are my passive losses being deducted agains
t my active income

1 reply

April 12, 2023

You are allowed to deduct up to $25,000 in passive losses in a year against regular income provided your income meets the requirements.

 

Here is a good thread on it.

 

@tkwilliams123 

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