KMACK
Level 4
04-20-2023
10:10 AM
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I have a client with a K-1 (Form 1065 for an LLC). Based on the information I entered, Proseries automatically treats the income/loss as "Passive". However, the K-1 states the income/loss should be recharacterized as "Non-Passive" based on an exception for the type of business it is. How do I change this from Passive to Non-Passive in Proseries?
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dkh
Level 15
04-20-2023
11:10 AM
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There are several check boxes for line 1 and line 2 of the 1065 K1 within the 1040 program.....will they accomplish what you want?
