davidjow
Level 1

The taxpayer is a limited partner in an investment partnership. The cover letter and K-1 notes do not suggest that any income/deduction is non-passive, so I am treating the entire activity as passive. The reason why this matters is because passive activity credits  (Line 15 J and M) are allowed if I enter the gains in the "Passive" input. If the gains are entered in the normal boxes then the credits are disallowed and I have to paper file.

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