3553631
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

MCN2
New Member

If my passive rental k-1 qualifies as an active trade or business do I manually exclude from form 8960 or is there a check mark somewhere?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
PatriciaV
Expert Alumni

If my passive rental k-1 qualifies as an active trade or business do I manually exclude from form 8960 or is there a check mark somewhere?

Form 8960 is automatically completed based on your entries in TurboTax. In order to exclude the income from a Schedule K-1 reporting rental activities, you must be a real estate professional that materially participates in the rental activity.

 

For more information, see: IRS Instructions for Form 8960 Real Estate Professionals

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question