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March 8, 2022
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Non Passive K-1 Form 1065

  • March 8, 2022
  • 1 reply
  • 15 views

Clients k-1 "Pursuant to IRC Reg......Net Rental Income from This Activity is NON-PASSIVE.  They are not RE professionals.  I too, have Passive showing up everywhere even when tried active participation.  Is there something that needs checked to move it to NON-PASSIVE and out of passive?

Thanks!

 

 

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Best answer by TaxGuyBill

If there aren't any rentals on page 1 of Schedule E, I think I would just check the Real Estate Professional box to make the program treat it as non-Passive.

1 reply

March 8, 2022

If there aren't any rentals on page 1 of Schedule E, I think I would just check the Real Estate Professional box to make the program treat it as non-Passive.