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K-1 part 111 not functioning correctly
With Activity box for rental checked and no entry for line 1 ordinary income, when I uncheck material participation, taxes due climbs by thousands.
I understand what should be happening for material participation for line 2, but not when checking and unchecking a zero amount on line 1 when "activity" should not be linking to line 1 anyway.
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March 11, 2024
5:47 AM