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Taxpayer has a suspended passive loss on Schedule E from prior years. The property is now converted to a second home. Is there any way to eliminate the Schedule...
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I have the same question. How do you get the rental income on a K-1 to be classified as non-passive. The answer to check the real estate professional box is not...
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Thanks for the heads up. It's better than nothing, I suppose. There's a new quick entry sheet . I wonder if that's what was holding up the fix.
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The form is final now but still getting the same error that the software needs to be updated. Obviously it is updated. Has there been a resolution yet?
