Marianne3
Level 1
 
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abctax55
Level 15

Given that the decision as to whether each rental rises to the level of a trade or business is a "facts & circumstances" situation, I don't think a "client worksheet" is something Lacerte would even consider.

That's what each of us, as a professional tax preparer, will need to do.  Oh joy.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

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George4Tacks
Level 15

I like the lastest Flash e-mail from Spidell https://www.caltax.com/news/flash-email/2018-23-irc-%C2%A7199a-information-released-in-draft-publica...  

Even if you don't do California taxes, this free subscription is well worth the money. https://www.caltax.com/news/flash-email/


Here's wishing you many Happy Returns
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