Level 15
08-27-2022
09:34 AM
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Thanks @TaxGuyBill, but If you are not a real estate professional the only way to change the income/loss reported on line 2 of the K1 as non-passive is to override the schedule E page 2. I have a couple of clients that have short term rentals, and I fill out schedule C for them (they do have to pay se tax) which is why I suggested the issuer could put the loss on line 1