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Schedule K-1 (form 1065) Nonpassive Loss
I received a Schedule K-1, which reports an Ordinary Business Loss on line 1. The materials with the K-1 states that the trading activity involved in the business is not a passive activity and therefore the amount on line 1 should be reported as nonpassive [Schedule E, Part II, line 28, column (i)]. How do I indicate this income is nonpassive in TurboTax?
March 4, 2023
7:41 AM