Purpose Built
Level 1
02-01-2024
03:55 PM
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Support just told me this after several escalations to figure it out:
The program carries the interest expense and the net investment income to Form 4952. NOTE: Generally, investment income is never passive income (and vice versa), so if this activity is a passive activity, do not check this box. However, income from leased land is generally treated as investment income and should be reported on Form 4952, but not reported on Form 8582.