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Level 1
posted Apr 6, 2024 4:11:23 PM

Turbo tax online is entering Schedule K-1 passive income as non-passive income on Schedule E part 2

Hi,

 

I received a Schedule K-1 as I bought and sold stocks of a partnership. The schedule K-1 shows that the ordinary business income is Passive.

However, when entering the details in Turbo tax for schedule K-1, the generated Schedule E part 2, is showing the ordinary business income under "Non-passive income from Schedule K-1". 

 

How do I fix this? Any help would be highly appreciated.

 

Thanks

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