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@Michael Plaks wrote:
No and no.
1. REPS serves a specific purpose, this is not merely some innocent checkbox. It changes the tax treatment of ALL rental activities with material participation, and the taxpayer must qualify for it. What I need is to change ONE activity, not all of them, to non-passive, and for a person who does NOT qualify for REPS. ProSeries makes it possible when such an activity is reported on Sch E but not when it's within a partnership and the loss is passed via K-1 Box 2.
ProSeries missed the mark on this one, apparently.
As I said before, I suggested the Real Estate Professional if there were not passive activities. You apparently didn't read that.
Can't you just enter the amount in Box 1 of the worksheet? Wouldn't that treat it as nonpassive and put it on the proper spot on Schedule E?
ProSeries misses the mark on MANY things. You must be new to Intuit.