2782023
Hi,
I work at a private equity fund. I received a K-1 annually for my co-investment in the fund. The fund is invested in deals that I am directly involved with, as well as others that other investors work on. On Turbotax, there is question asking that "Did you materially participate in this partnership's business activities". I am not sure if the answer will be "Yes" or "No".
Note: I worked full-time at that place in 2021.
You'll need to sign in or create an account to connect with an expert.
in TurboTax when you enter some of the k-1 activity you should eventually get to a question amount material participation, you can let Turbotax decide based on your answers to the questions
Turbotax is asking me to select "Yes" or "No".
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
alex1907
Level 2
naokoktax
Level 1
Rockpowwer
Level 4
istu4668
New Member
farrell-km
New Member