Carol-L
Level 3
04-12-2021
02:44 PM
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General Partner's K-1 for Rental Real Estate Income with material and active participation $38800. The rental activity is a trade or business (motel). Schedule E shows $38800 as Passive Income. Shouldn't it be Non-Passive?
K-1 Part III Line 14 no amount listed for self-employment earnings. Line 19, A, Cash distributions $14400. Line 20, Z, Sec 199A $7756.
Self-Employment earnings are not flowing to Schedule SE. I've entered $38800, through the worksheet, into SE Line 2..
Is this the proper way to handle this?
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