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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.
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
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.
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