joe Posted April 6, 2011 Report Posted April 6, 2011 If a taxpayer, who is clearly a real estate professional, recieves and reports his commission on his single memeber llc (schedule C), with profits being subject to SE tax. If he receives several K-1's for other Real Estate partnerships he is involved in, can he use those losses to offset his self-employed income for SE tax purposes? Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.