SuzB92
Level 2
06-29-2023
09:33 AM
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I need it to be classified as passive income. Proseries is forcing the royalty income to be non-passive on the K-1 worksheet (line 5) and Distributable Income worksheet [Part I, line 5e and Part II, column e (should be column f)] and I cannot figure out why. I do very few trust returns so I'm probably missing something obvious. The only income for the trust is oil and gas royalties.