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Level 2
November 18, 2020
Question

I checked the box to force form 8582 yet the form won't generate. the taxpayer's income exceeds 150k yet the software is recognizing the net rental loss

  • November 18, 2020
  • 2 replies
  • 9 views
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2 replies

George4Tacks
Level 15
November 18, 2020
Did you check the box for nonpassive or maybe real estate professional?
Answers are easy. Questions are hard!
Level 2
November 20, 2020

yes, i'm new to the software so it was a rookie error.

 

thanks for the comments.

 

Al

sjrcpa
Level 15
November 20, 2020

Most of the time it is PITC.

 

The more I know the more I don’t know.
abctax55
Level 15
November 18, 2020

Or mark the rental as "delete next year" to indicate that it has been disposed of in a 'fully taxable transaction'?

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