I have not doubt the two of you are right about reporting the passive rental on line 3 of the K-1. However, I can't figure out how to get information onto that line without using the override feature. The passive rental boat had $4,800 of charter revenue and ~$12k of depreciation, not to mention it sold for less than the depreciated value. I can't figure out how to get TT to keep these values separate from the actively managed boat for which we provide significant personal services. I do think a professional tax expert is going to be hired.
