Short term rental- partnership filing

[sunny131]

I am using Turbotax business. and I am filing for a LLP-partnership.

Income is generated from short-term rentals. Now the K1 generated has a box 2 income/loss.

This cannot offset the w2 income in TurboTax home and business because box 2 is real estate income/loss.

But Short term rentals are active participation and should allow for offsetting w2 income.

What needs to be corrected in filing the partnership?

[PatriciaV]

The net rental real estate income (loss) reported on Schedule K-1 Part III Line 2 can be reported as an active activity by answering "Yes" to the question "Did You Participate?" This question appears during the K-1 interview of your personal tax return.

[sunny131]

on the personal side, when filling out part III of K1, I am filing section 2 -Net rental real estate income (loss) with actively participated checked but it does not reflect in the final deductions.

even checking the materially participated does not impact the numbers.