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Level 2
January 18, 2024
Question

How to fix net rental income entry generated?

  • January 18, 2024
  • 1 reply
  • 4 views

I am preparing an S-corp business return, and it shows a net rental income on the shedule K but my client had no rental income for the year. How do I fix that entry?

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1 reply

itonewbie
Level 15
January 18, 2024

The fix would be to correct the erroneous entry.

Did you check your input under Schedule K for rental activities or Passthrough K-1's?

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mnssvc2Author
Level 2
January 18, 2024

Yup there was an errorous entry. I have fixed it thank you so much 🙂

itonewbie
Level 15
January 18, 2024
---------------------------------------------------------------------------------Still an AllStar