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alexmar
April 14, 2024
Question

Real Estate Professional loss from Schedule K-1 to Schedule E

  • April 14, 2024
  • 0 replies
  • 0 views

Hello,

 

I'm having trouble getting my Schedule K-1 loss to appear as active, considering I'm a real estate professional, against other active income. It currently shows as passive, but I need it to be listed in Part I of Schedule E as active. Should I manually enter it under 'Rental Properties and Royalties (Sch E)' in addition to the 'Schedule K-1' section of Wages & Income?

 

I have reviewed all the K-1 questions multiple times and checked all the boxes, but there were no questions regarding the selection as a real estate professional.

 

The Schedule K-1 form is from a partnership LLC.

 

Thank you!