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K1 income not passive, but Turbotax enters it as passive
Hi,
I've got a K1 that says none of the income flowing through to me is considered passive.* But Turbotax automatically considers it passive. How do I change that in the program?
Thanks,
Mike
* From the K1: PLEASE NOTE THAT NONE OF THE DISTRIBUTIVE SHARE ITEMS REPORTED ON SCHEDULE K-1 ARE CONSIDERED AS DERIVED FROM A PASSIVE ACTIVITY UNDER TREASURY REGULATION SECTION 1.469-1T(E)(6).
‎June 30, 2020
6:26 AM