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LLC taxed as partnership, has house rented short term. Also has personal use. Entering fair rental days and personal use days does not change the loss on form 8825 or K1s
This is a vacation rental that is mostly rented short term through an out of state property management company. Entering the days rented and personal days does not change the K1 losses allocated to the two partners, $21,000 each . Once imported into the partner 1040, the K1 shows the loss on line 2 and the entire loss is disallowed. Form 8582 is populated. Is this correct?
