Passive Limited Investor in a Multi-Member LLC that holds a Rental Property
I own a small stake (<10%) in a mult-member LLC. I am not the GP, I am a passive investor. The LLC owns rental income. I put in my schedule K-1, which only has 1 line on loss/income (no details on revenue, expenses, depreciation, etc.). Aside from the K-1, are there any other forms that I need to fill out? Turbotax is prompting me to fill out Schedule E Rental Properties but I do not have any of these details. Should I manually delete that form?