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February 28, 2021
Question

Active rental real estate loss from a K1

  • February 28, 2021
  • 1 reply
  • 0 views

I entered a real estate loss from a partnership K1 and called it active. The loss goes to the 'other passive loss' section of Form 8582 (3b) vs line 1b..and the loss is not allowed. The AGI is under 100K.

The loss should go to line 1b (active rental real estate) on Form 8582. Is this a bug or is there something I am missing. 

    1 reply

    Employee
    February 28, 2021

    As far as I have been able to determine, with respect to a couple of tests, is the program is functioning normally.

     

    Did you indicate you were a limited partner? 

    DaveA5Author
    February 28, 2021

    Maybe at first and then I changed it...will try again and start with GP or llc manager