Tax loss on K-1 form

[Yi Chu]

I am using TurboTax and have reported a net rental real estate loss of $8,689 on my K-1 form. However, I noticed that this loss did not reduce my tax liability. Is this expected? If not, can I kindly ask if someone could help me address this issue in TurboTax?

[Michael Plaks]

Quote from @Yi Chu:

I am using TurboTax and have reported a net rental real estate loss of $8,689 on my K-1 form. However, I noticed that this loss did not reduce my tax liability. Is this expected? If not, can I kindly ask if someone could help me address this issue in TurboTax?

@Natalie Kolodij already confirmed that this is a correct result. Here is a long and technical post if you're interested to understand how these investments work for taxes:
https://www.biggerpockets.com/forums/51-tax-legal-issues-con...