Thowcpa
Level 2
11-15-2023
09:10 AM
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Screen 18, "Other Rental Activities"
Gross Rents $723,163
No expenses.
Partnership has 7 partners
Partner 1 - Trust 20%
Partners 2-4 Individuals 20% each
Partners 5 & 6 Individuals 8.116% each
Partner 7 Individual 3.768%
Lacerte carries $578,532 to Schedule K, line 14a (Net of Trust %)
I cannot find anything that either designates that this should flow to Net Self Employment Earnings or not.