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K-1 and "self employment earnings"

I am using TurboTax so my apologies if this is somewhat software specific, but I think it is till applicable.

I received a K-1 from a Real Estate based LLC. In TurboTax, if you choose that your LLC is a "Real Estate" business, you only get to enter Box 2 of the K-1 (net real estate income). It then asks you for Box 14A (self-employment earnings). Where does TurboTax use that number (aka box 14A) later?

I never get to enter box 1 of the K-1 (business income) unless I add the LLC twice into TurboTax, once for the "Business" and once for the "Real Estate" option. This naturally affects the Non-Passive versus Passive income amounts. When I add them both, my refund increases signficantly...

Help please.

Reply to
aether8203
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Well, are you active in the business? If you are a passive investor the activity is all passive for you. I'm not sure why TurboTax won't let you input the other K-1 boxes.

I'm wondering if TT's idea of a "real estate" business is a real estate professional. That's different from a passive investment in real estate. What are your other options?

Reply to
Mike20878

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