Accountant-Man
Level 13
08-29-2024
11:00 AM
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If he is a limited partner in the 1065, he cannot qualify as non-passive. Is he an LP?
ps Rental income is almost always passive, unless it is short-term yada yada, which would then qualify as Business income, K-1, line 1.
** I'm still a champion... of the world! Even without The Lounge.