I entered my biz LLC K-1 income as active involvement. But TTax is still treating it as passive... so no IRA deduction. How to fix? (Downloadable version seems ok btw)

[PatriciaV]

You may need to indicate material participation for this Schedule K-1 company. Return to the K-1 topic in TurboTax and review your entries.

1. Click Edit/Update beside the type of K-1 you need to work on.
2. Click Edit beside the company you wish to review.
3. Follow the prompts to the page "Did You Participate?" 
4. When you answer "yes" to Material Participation, the income from Schedule K-1 will be treated as non-passive income.
5. This should allow you to deduct IRA contributions.