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TurboTax Business puts passive activity loss on K1s that shouldn't be there
Hello,
I'm using TurboTax business for the LLC that holds our rental property. We used the rental property more than 4 weeks for last year and any passive activity losses from the LLC should not be showing up on the K1s. However, they do. Does anyone know why the business losses would show up on the K1 when they shouldn't?
Thanks,
Andrew
Topics:
March 9, 2022
6:03 PM