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Level 2
October 8, 2020
Question

how to input for California Treat Rental Real Estate as a single activity IRC 469 c 7

  • October 8, 2020
  • 1 reply
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1 reply

itonewbie
Level 15
October 10, 2020

You'd enter everything on one single Sch E.  The trick would be to track the assets related to each of these otherwise separate activities.  Unlike QBI, there's no built-in functionality to aggregate the different activities if you were to enter them the usual way.

For the election, you'd find that on Screen 46 under the button for Misc. Elections.

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FredfigAuthor
Level 2
October 10, 2020

Thank you for your help.

itonewbie
Level 15
October 10, 2020

NP, @Fredfig.  If the response solves your problem, please consider marking that a solution to help others who have similar questions.  Cheers!

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