msindc1
Level 4
05-03-2021
09:37 AM
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Colleagues:
Client has $5000 in rental income from a property in the UK. Lacerte is deducting that income from the Net Investment Income tax on Form 8960. The schedule says "Adjustment for Non-Section 1411 Business". But I believe that it is Section 1411 business, isn't it? Anyone know what's going on?
Micah
Solved! Go to Solution.
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PKCPAMST
Level 5
05-03-2021
11:14 AM
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Please make sure there is no "1" in Field "1=nonpassive activity" in Section General Information of Screen 18 - Schedule E.
msindc1
Level 4
05-03-2021
11:20 AM
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Ack! That was it! Grr--and I know better! THANK YOU!
