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Level 3
posted Jul 4, 2024 9:52:49 AM

How to enter a K-1 with box 23 checked? ("more than one activity for passive activity purposes")

I am a limited partner in a real estate partnership that invests in multiple properties. I received a K-1 from the partnership. It has box 23 checked ("more than one activity for passive activity purposes"). It includes a "Schedule of Activities" that breaks down the income, etc. for each individual property.

 

How should I enter this K-1 in TurboTax? For instance, do I need to enter each separate activity as its own K-1?

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