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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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.
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.
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