Unable to get TurboTax to allow non-passive K-1 loss.

[dwoods32]

Turbo Tax is not allowing me to list my K-1 loss as non-passive? It is a real estate rental LLC, but we own it, manage it and I checked both material participated and actively participated. Any ideas?

[Critter · Accepted solution]

Rental income is always passive even if you actively participate and is subject to the passive loss limitations ... review your return and the form 8582 to see how you are being limited ...

Form 8582 - Passive Activity Loss Limitations. Form 8582 – Passive Activity Loss Limitations is used to calculate the amount of any passive activity loss that a taxpayer can take in a given year. ... Rental activities, even if the taxpayer materially participate in them, unless the taxpayer is a real estate professional.Oct 12, 2017

Form 8582 - Passive Activity Loss Limitations Knowledgebase

https://www.taxslayerpro.com/kb/50277/for...