Working on a k1 that ask is this partnership a working interest in gas or oil property that does not limit your liability, what does this mean

posted

I am fairly certain that the answer to this is "no". You would have most likely received a cover letter with your K-1 that discussed this very topic if it applied.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

How to enter a K-1 with box 23 checked? ("more than one activity for passive activity purposes")

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Working on a k1 that ask is this partnership a working interest in gas or oil property that does not limit your liability, what does this mean

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Working on a k1 that ask is this partnership a working interest in gas or oil property that does not limit your liability, what does this mean

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Working on a k1 that ask is this partnership a working interest in gas or oil property that does not limit your liability, what does this mean

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