@AmeliesUncle wrote:
If you report it on the 8825, I suspect when you enter the K-1 on your personal tax return that it will be difficult to tell the program it is NOT passive income.
I agree. This would essentially require entering false information, such as indicating the property is a self-rental.
@AmeliesUncle wrote:
If you report it on page 1 of the 1065, it may be tricky to tell the program it is NOT subject to SE tax (it should not populate Box 14 of the K-1.
I agree and this scenario is even worse since, I believe, it would require overrides in Forms Mode if Box 14 is populated.
