@JamesG1 Thanks for the response. I'm looking to apply a basis limitation, not an at-risk limitation.Also, I'm using Turbo Tax Premier desktop, but I'm assuming...
Thanks, how would you reduce it in Turbo Tax? The Schedule SE Form doesn't let you edit any values. Also, where would you enter an explanation for the edit?
So there is no issue with changing between passive and non-passive from year to year (and it is the correct thing to do) if involvement with the business change...
