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Non Passive K-1 Form 1065

Ruby T
Level 1

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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Accepted Solutions
TaxGuyBill
Level 15

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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TaxGuyBill
Level 15

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.