First question- Because I'm manager for this LLC who makes all the decision, should I select actively involved in Form 1065? But below screen shot for this question tells all rental activities are passive. I am not real estate professional.
Second question- my wife who is another member (not the manager) who also helps me with finding tenants, should I select actively involved in Form 1065?
Third question- Because it this LLC is pass thorugh entity, I pay taxes through personal return. While filling the personal return, Form 8582 also asks Rental Real Estate Activities With Active Participation. Should I answer this question as YES only if it is active participation is selected in Form 1065?
