<- Back to Main Page
Tags: federal,form
Passive loss from K1 P/S pg 1 line 1 not flowing to the Schedule E page 2 Passive income line A in an individual return in SureFire.
Passive Losses can only be deducted from Passive Income. So if there is no other passive income to offset the loss then it will be carried forward to the next tax year.
Tags: federal,form