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jbdaigle1102
jbdaigle1102
Level 3
March 12, 2021
Question

received a k1 line 2 net rental restate income amount - how do I indicate this is a NON passive income

received a k1 line 2 net rental restate income amount - how do I indicate this is a NON passive income

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3 replies

dkh
dkh
Level 15
March 12, 2021

On Line 2 of K1 Worksheet in Form 1040 there check box options for active participation, material participation, etc 

    jbdaigle1102
    jbdaigle1102Author
    Level 3
    March 12, 2021

    none of these check boxes take the income into a non passive income on schedule e page 2

     

    jbdaigle1102
    jbdaigle1102Author
    Level 3
    March 12, 2021

    all of these boxes still cause the income to stay in passive income on page 2 of the schedule e

     

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