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Level 2
December 7, 2019
Solved

LLC member how do you show active participation in rental activity?

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George4Tacks
Level 15
December 7, 2019

If you are working from a K-1 that is determined at the entity level, by the code boxes toward the end of the K-1

In 1065, it should be automatic.

If using 1040, Screen 18, Other Information first check box

Answers are easy. Questions are hard!

1 reply

George4Tacks
Level 15
December 7, 2019

If you are working from a K-1 that is determined at the entity level, by the code boxes toward the end of the K-1

In 1065, it should be automatic.

If using 1040, Screen 18, Other Information first check box

Answers are easy. Questions are hard!