- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
You really can't do anything until you actually have the 2019 K-1. Most likely you will have to enter things "as if" you received a separate K-1 for each type of income. For example, rental & Royalty income is passive. So you would enter the K-1 "as if" it only box 7 had an amount in it. Whereas interest income is "unearned" income. So you would enter another K-1 into the program "as if" only box 5 had an amount in it.
This is just examples. it really is simple. But no since in tackling this until you have the actual 2019 K-1 physically in your hand. That won't happen until the last week of January 2020 at the earliest, most likely.
‎December 4, 2019
5:51 AM