I am a General Partner with material participation in an oil & gas LP with IDC (Intangible Drilling Costs) losses. I entered this info in the K-1 section in TT, but TT does not ask if I materially participate. It classifies the IDC loss as a Passive Income loss. I believe this is incorrect and it should an Active Income loss - and therefore should reduce this years tax due on other Active Income (such as W2 income). Any idea how to make this IDC loss Active Income? It's reported on the K-1 in Box 14 as a Self-Employment loss, so I think it should appear as such in TT.
