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LLC member how do you show active participation in rental activity?

Pollodelmar
Level 1
 
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George4Tacks
Level 15

If you are working from a K-1 that is determined at the entity level, by the code boxes toward the end of the K-1

In 1065, it should be automatic.

If using 1040, Screen 18, Other Information first check box


Here's wishing you many Happy Returns

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George4Tacks
Level 15

If you are working from a K-1 that is determined at the entity level, by the code boxes toward the end of the K-1

In 1065, it should be automatic.

If using 1040, Screen 18, Other Information first check box


Here's wishing you many Happy Returns
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