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Get your taxes done using TurboTax
You don't have to go on this screen at all. Here's what you do. Enter the rental activity through the partnership's K-1 in here
On top, Personal Income/ Sch K-1/Partnerships. Enter all your partnership information till you get to this screen
then enter your rental activity here
This will flow through to Sch E , pg 2. and recorded as income there. Depending if you qualify as a real estate professional or not your activity in the llc will make you income to subject to the passive or nonpassive rules. See here Sch E, pg. 2
Also check out form 8582, pg. 1 and 2.
For more information on passive activity rules re; rental activity . See HERE under the Section Rental Activities
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March 21, 2023
9:41 AM