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April 5, 2025
Question

I have K1 income from rental activity and Sch E losses from rental activity, but my losses do not appear to be offsetting my gains. Is there something I need to do?

  • April 5, 2025
  • 1 reply
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    1 reply

    April 6, 2025

    When entering the rental activity K-1, what did you select at the screen Did you activity participate?

     

    If you selected No, a rental loss may not offset other gains in the tax return.

     

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