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    Why can't dividends be non passive income to offset passive partnership losses?

    marci
    Level 1
    ‎12-07-2019 05:34 AM

    I have many limited partnership losses that are being carried forward as passive losses.  There is substantial dividend and interest income (passive). Why are these not available to allow the partnership losses to be deductible?

    XXXXXX XXXX #xxxxxxxxx

    XXXXX@XXXXXXXXXX.XXX

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    IRonMaN
    Level 15
    ‎12-07-2019 05:34 AM

    Because that’s the way the tax laws work?


    Slava Ukraini!

    View solution in original post

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    2 Comments 2
    IRonMaN
    Level 15
    ‎12-07-2019 05:34 AM

    Because that’s the way the tax laws work?


    Slava Ukraini!
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    PhoebeRoberts
    Level 11
    Level 11
    ‎12-07-2019 05:34 AM

    Interest and dividends are statutorily portfolio, not passive.

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