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Business & farm
I have the same issue. I can't get it to ask me if I participated. So I did it in the form mode. Part III 1. Ordinary business income (loss) - Check if "materially" participated in the business activities. But after I checked it, my refund did not change. My Schedule K loss is mainly "zz - Other Income (loss)".
I found it might have considered my schedule k loss as non-passive loss without me check I materially participated. Do you know why? I did file the loss on form 4797 about the loss. Also I indicated the income/loss is QBI.
Thank you very much!
‎July 3, 2025
3:05 PM