Ekhaterina
Level 2
12-07-2019
08:41 AM
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I have an LLC with two partners with 50/50 ownership. Both members are active and materially participate, but when I import the K-1s into their Form 1040, the ordinary business loss is limited and is shown as passive, when it should be active without limitation. I went back in to the K-1s in the LLC and changed the boxes so both show that they are general partners and LLC managing members. What else do I need to do to accomplish what is needed?
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