linduca1216
Level 7
10-01-2021
12:59 AM
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Adding income shows an expense and taxpayer is limited partner and does not materially participate.
None of the k-1 amounts qualify as business income. (hedge fund)
It appears that trader expense coded W is to be reported on Schedule E.
It also appears that investment interest expense, coded H, would be shown on Schedule E as well (subject to any interest expense limitation from form ).
Also, Box 11I (a loss) would appear on Schedule E ?
First time around with something like this.
thanks for any input, etc.
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