kgcpa0899
Level 1
12-07-2019
10:10 AM
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Solved! Go to Solution.
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sjrcpa
Level 15
kgcpa0899
Level 1
12-07-2019
10:10 AM
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yes, it does. The llc holds and manages various rental properties and real estate invesments
abctax55
Level 15
12-07-2019
10:10 AM
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Determination of whether the rental activity rises to the level of TorB is done at the entity level.
If the K-1 has the info entered, then it was determined to qualify (assuming a competent preparer did the F 1065).
"*******Tax software is no substitute for a professional tax preparer*******
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