Question

I have entered my K1 as I materially participated and that all of my investments is at risk and is still reported as passive. How can I enter as nonpassive?

Forum|Forum|6 years ago
October 15, 2019
1 reply
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TurboTax Premier Online

Employee

Please provide more details concerning your K-1 (e.g., which boxes contain figures) and the type of entity.

Also, you can try entering a the K-1 as a another (new) K-1 since old information occasionally gets "stuck" in the program.

Y

yourwealthadvisoAuthor

Thank you very much for your reply. I have a loss in box 2 and it is an entity that rents a building and land to a business

A

Anonymous_

Employee

That explains why it is reported as passive, since rental real estate inherently generates passive income/loss, unless the owner materially participates in the rental as a real estate professional.

I have entered my K1 as I materially participated and that all of my investments is at risk and is still reported as passive. How can I enter as nonpassive?

1 reply

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