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Active and Passive income reporting


#1

Hi all,

I have a holding corporation whose income is mostly (90% passive from RE and the rest is from active management of other businesses) but I can’t find where in the software to segregate/document passive income. so the tax is calculating as if all was active income. Anyone knows the forms or checks that I am missing


#2

Complete schedule 7

Many Thanks,

Norman Adams

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#3

Thank you Norman


#4

And if it’s from a rental, use the Rental Worksheet and Schedule 7 will complete itself.