Passive Activity Credit

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Kram BergGold
    Senior Member
    • Jun 2006
    • 2112

    #1

    Passive Activity Credit

    Client has a Employer Social Security/Medicare Tax Credit from a partnership. It is a passive activity. The partnership was bought and sold by her in 2013. Overall income was a loss which do to a full dispostion is allowed. The credit is not being allowed by my software. I am thinking that you have to have overall postiive income to get this credit and that is why it is not being triggered by the software. Is this correct?
Working...