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Active participation and Material particiaption in Schedule E Worksheet - how to set them
Active participation and Material participation are two separate checkboxes in Schedule E Worksheet. They determine whether rental income/loss can be included in active income/loss.
Through the step-by-step process, there is only one page with a few questions to 'confirm Your Professional Status' for all properties at the beginning. This seems to be for active participation.
Is there a way to set material participation in the Step-by-Step process/UI? Or we have to edit Schedule E Worksheet directly to set Material Participation?
Thanks.
‎September 1, 2022
2:37 PM
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Get your taxes done using TurboTax
You should come across the screen below in the Property Profile section.
‎September 1, 2022
3:04 PM
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