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.
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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".
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