MICHAELMARS
Level 5
08-08-2023
02:21 PM
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I can't seem to get the income from a real estate professional that sold a building excluded from the 8960 calculation.
Return is marked real estate professional and the materially participating check box is checked.
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TaxGuyBill
Level 15
08-08-2023
04:45 PM
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If I remember correctly, the material participation for a business exception for 8960 must be manually entered/adjusted on the 8960.
Norman2001
Level 7
08-09-2023
06:53 AM
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On the Sch E worksheet,
Under "Check All that Apply"
Between the G & I lines
Check the Box for "Trade or Business not subject to net investment income tax"
MICHAELMARS
Level 5
08-09-2023
11:01 AM
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I should have been more specific, this is from a flow in K-1
