Skip to main content
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

No text available
This topic has been closed for replies.

7 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'?

HumanKind... Be Both