Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

1041 land rent

Deters Tax
Level 1

I have some land rent on a 1041 return with the profits flowing to box 5, portfolio income, on the K-1. It should flow to box 7, net rental real estate income.

I tried a few other types of rentals, like single-family home, and no matter what I try nothing from the Sch E is flowing to box 7. 

Am I missing something here?

0 Cheers
1 Comment 1
sjrcpa
Level 15

Yes. Land is deemed to be held for investment.


Ex-AllStar