Hi, I have a pass-through LLC A which I received a K-1 from LLC B. The K-1 form has positive value in box 2 (Net Rental Real Estate income(loss)), and Negative value in box 20 Z* (with Section 199A statement having multiple lines attached).
How do I answer the following questions in "About Your Business" to get the correct Form (Section 199A) showing up?
Aggregated activities for section 465 at-risk purposes.
Has more than one activity for section 465 at-risk purposes.
Grouped activities for section 469 passive activity purposes.
Has more than one activity for section 469 passive activity purposes.
Thank you!
Jennifer
