Me and my husband are the only 2 member-managers of our LLC for a rental property. Our K-1 is correct, it has General partner or LLC member-manager check marked. I am confused because on the Analysis of Net Income, it put our income under "Limited Partner Active"?
Shouldn't it be under General Partner Active?
I am also confused on if we are active or passive? We do not work more than 100 hours a year on the rental therefore, do not pass the "Active test", but we are the only 2 managing members of the LLC and have noone else involved in the business. We take care of everything.
