You'll need to sign in or create an account to connect with an expert.
Go back to the Property Profile section for your rental property to answer the question about active participation. If you have multiple properties, you will need to visit the Property Profile for each one to answer the question.
If you are using TurboTax Online, there is not a specific section labeled Property Profile. Instead, as you edit each property, the initial screens you go through are taking you through the Property Profile and you will see the question about active participation.
If you are using the CD/downloaded version of TurboTax, then there is a specific section for the Property Profile that you will need to Edit.
Thanks for the reply, but I still can't get back to that screen. I am using Turbotax online. I own several properties and they all flow through a K-1. When I edit that K-1, it never asked me again if I am actively involved after the first time I filled out the K-1 information.
Why don't you try deleting the K1 from the summary screen and reenter the information. I know that Turbo Tax does not give you a second chance to enter that information once it is recorded from a K1.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mjtax20
Level 1
ddieterbell
New Member
trutch89
New Member
letzgobrownz
New Member
adavisrn
New Member