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For questions that relate to the laws, practices, and products of the United States.
2
votes
1
answer
937
views
What is considered a gift to my children?
I understand that there is a $16,000 limit on gifts to each child, grandchild, etc. by each parent each year.
I understand that if a child or grandchild is attending college, paying their tuition doe …
0
votes
1
answer
306
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How can I deduct Rental Real Estate Partnership loss?
I am a limited partner in a Real Estate Partnership. When I received my Tax Year 2022 form K-1 from the Partnership, it listed a loss in Box 2 - Rental Income or Loss. Can I apply this loss to offse …