Business & farm

Be careful. The k-1 may be available, does not mean it is correct for rental income loss. Line 2 material participation does not work until you check the line 1 box. Then you get an error. When you post about this you get told to not check box on line 1.

Well that would cost us about 4.5 k. Info does not carry correctly to Sched E without checking line 1 box. If you are qualified as a Real Estate Professional Sched E line 43 may not function correctly either.

the only recent response is the line 1 comment. Not helpful, not a solution.