Hello,
I'm having trouble getting my Schedule K-1 loss to appear as active, considering I'm a real estate professional, against other active income. It currently shows as passive, but I need it to be listed in Part I of Schedule E as active. Should I manually enter it under 'Rental Properties and Royalties (Sch E)' in addition to the 'Schedule K-1' section of Wages & Income?
I have reviewed all the K-1 questions multiple times and checked all the boxes, but there were no questions regarding the selection as a real estate professional.
The Schedule K-1 form is from a partnership LLC.
Thank you!