another K-1 question. I thought I read somewhere, and I can't retrace my steps to find out where, that ordinary income and interest income could be considered passive income for a limited partner if he/she is not involved in the partnership except by name only? This is my own K-1. I am finding these K-1's can be quite complicated and not really clear.
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don't think so
Interest and dividends are portfolio not passive. -
I agree with interest income but ordinary income from a passive activity (no material participation) is considered passive income.Comment
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hmmm
okay...here's another question..would it seem right for management fee income to be qualified as portfolio income? under other income on K-1. Is that what REMIC income is?Comment
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No, management fee income is not portfolio income. However, REMIC is. It is interest.Comment
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