@DorothyJ wrote:
Problem: on the Schedule E generated from my K1 entries, the "Partnership Income from Passive Activities" is entered under the "Active" column instead. (note: the active & passive numbers flow down to the same spot.) Schedule E also shows this income as belonging to the Liquidating Trust as opposed to the REIT Properties LP as indicated on the Grantor Letter.
That is most likely because you entered the GIS as a K-1 from a trust rather a K-1 from a partnership.
For your purposes, the entity does not matter in the least; you need to enter the figures on the proper lines (boxes) in TurboTax so they flow to the correct forms.
For example, had you entered the K-1 as if it had been issued by a partnership (1065), you would have been able to select that you were a limited partner and that you did not materially participate. As a result, Schedule E would appear as "passive" and the name of the LP would be displayed.
