Question

I have rental real estate income from a K-1 1065. TT asks what type of real estate. What do I list here because I would have no idea what type the PTP is investing in?

Forum|Forum|5 years ago
April 11, 2021
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TurboTax Online

If this is a publicly-traded partnership, they should have a website that describes the types of property they invest in. As an informed investor, this is probably information you should have.

In most cases, PTPs with rental real estate income will either be investing in apartment complexes (residential real estate) or office buildings (commercial real estate). Shopping centers ( also commercial real estate) are a possibility, but not likely because that has been a depressed market for some time.