Question
SCH E (Sub S K1 Line 1 income) reported on Part II Line 28 box h passive income (deducts my Sch C income from K1 income to report on this line)
Schedule E, Part II line 28 Passive income and loss. box h for K-1 sub S.
In 2023 this line deducted from my sub S K1 line 1 ordinary business income my Schedule C earnings (had nothing to do with my K1) then a later update from Intuit corrected this amount (K1, Line 1) to deduct my Sec 179 adjustments from k1 line 11.
2024 is back to deducting my Sch C earnings from my K1 line 1 again. What is correct? Does Intuit need to correct the Sch E for 2024 to not deduct my Sch C earnings from my K1 line 1 reported earnings and update it to the K1 Line 11 Sec 179 adj?
