tmccpa
Level 2
07-16-2024
09:28 AM
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I have a client with two K-1s. One is for a dental practice (with income) and the other is for rental property (with a loss) that dental practice operates out of. Entities meet the requirements to be grouped. I am needing input on how to make the rental property loss show as non-passive. I have info for 6198 at risk showing loss is deductible. Have checkboxes showing material participation and rental is a trade/business checked. But rental is still showing as passive on Schedule E.
Any suggestions??
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