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K1 with nonpassive and passive income - how?

loricpa100
Level 4

How do I make the ordinary business income nonpassive while maintaining passive for line 2 rental income?  Seems the K1 input I get all or nothing.  Both line 1 and 2 are passive (default).  I can check non passive and then the rental goes with the business income to the non passive line.  If I put in 500 hours, nope.  I have the business income also on line 14, yet that is not triggering it.  Of course, the business has a non passive loss, which is why really need it to offset other items within the return.

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Accepted Solutions
sewcpa
Level 5

have the K-1 reported as 2 K-1s (I label the 2nd one xxxx-rental and show it as passive)

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3 Comments 3
George4Tacks
Level 15

You can set up two k-1 input for the same K-1. One is passive and the other is non-passive.


Answers are easy. Questions are hard!
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sewcpa
Level 5

have the K-1 reported as 2 K-1s (I label the 2nd one xxxx-rental and show it as passive)

loricpa100
Level 4

Also a good answer - I like the idea of also noting it separately on the other post.  Thank you for the speedy reply

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