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Screen 18, "Other Rental Activities" Gross Rents $723,163No expenses.Partnership has 7 partnersPartner 1 - Trust 20%Partners 2-4 Individuals 20% eachPartners 5 ...
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I don't mean to sound like a jerk here but my question is not to the treatment of the income. I know how it should be treated. My question is why Lacerte treats...
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It's rental, not SE income. So why have "Not passive activity" checkbox if it's going to treat as SE anyway?
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Why does Lacerte include this net income as Self-Employment income? Would assume that the program would consider it to be not Self-Employment income especially ...