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@Terry53029 wrote:

The IRS considers short term rentals (under 7 days) as not being a rental activity. Maybe the issuer of the K1 should not be reporting it as a rental on the K1 line 2, but on line 1.

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No, it is still a rental for most things.  It is only considered as not a rental for purposes of Passive Losses.

EDIT:  On the other hand, the Instructions do make how to report it on the K-1 a bit questionable.