I cannot get K-1 rental real estate which I actively participated in (qualifies as trade business) to show up on line 4b of 8960 -- therefore excluded from NII tax?

[jaybeam]

I filled out the forms in Turbotax the same as last year and this rental real estate showed up on line 4b (form 8960), therefore excluded it from NII tax --- is there a box i missing to check this year??

[ThomasM125 · Accepted solution]

You have to indicate that the property is rented to a business that you materially participate in. You do that on the screens in TurboTax that mention Special Handling of Rental Activities and also Rents from a Trade or Business:

[jaybeam]

Thank you, that worked!!! greatly appreciated!