Sch E worksheet shows "Active participation" and "owned jointly" checked under "check all that apply". We do actively participate- we buy seed, pay for laser leveling, make all mgmt. decisions,own the land...we just don't actually "farm" the land. We split the profits on the crop with the farmer.
How do I get Form 8582 to bring over prior years unallowed losses?
Also, can't I just delete Form 6198?
We do file Form 4835 and line 34a is checked "all investment is at risk" and TT adds PAL in margin
