Thanks for your insight.
1. The deductions are called "Trading Expenses" in my K-1 instructions.
2. There is absolutely no way I can be considered a material participant. I sent them money, and I get tax statements. That's it.
3. The flowchart on Form 8995 comes down to :
"Is the item income (loss) from a qualified PTP? If “Yes,” it’s not QBI, but it’s included in the REIT/PTP component of the QBI computation. Include this item as a qualified item of income, gain, deduction, or loss from a PTP."
What does that mean? Does it go on 8995 or not?
