Real estate professional - Spidell

Real estate professional

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Message Board Real estate professional

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    • #275107
      Anonymous
      Participant

      I have a client who is a RE professional. They get K-1’s with their RE Investments. The client has a management company (S Corp) that he uses to manage the real estate investments. Can the losses from the real estate investments net against the S Corp income?

       

      Also, The RE investments have a whole bunch of passive loss carryovers (from the time he was not a RE professional) but my tax program is not letting those losses “unsuspend” against his active S Corp income

       

      Please help!

    • #275120
      William Dewberry
      Participant

      First question , yes

      Second question no, they are not released

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