Investor · Chicago, IL · Member since 2011 · 80 posts · 21 votes
I searched for this, but could not find an answer. I have some paper losses on my rentals due to depreciation. I'm now considering an investment in the PPR note fund, which issues a K-1 at the end of the year. Would this be deemed "passive" income and thus offset by the passive rental losses?
San Diego, CA · Member since 2012 · 19 posts · 3 votes
9y
Mike, you are correct, you can use passive losses from real estate to offset passive income from PPR note funds. That is exactly what I do (under the guidance of my tax advisor). You, obviously, should confirm this with your tax professional as it relates to your particular circumstance....