krofkahr
Level 1
12-07-2019
02:11 AM
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Client has 2 residential rental properties - if combined and treated as a real estate enterprise, then safe harbor requirement of 250 hours applies to them as a unit. Lacerte is printing a safe harbor statement for each of them implying a total of 500 hours.
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itonewbie
Level 15
12-07-2019
02:11 AM
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The stock statements printed from Lacerte/PTO treat each property as a separate enterprise. If you are aggregating 2 or more properties as one rental enterprise, you may like to edit Intuit's or prepare your own statement to list all of those on one single statement.
This has been raised with Intuit but it does't seem like there'll be any change at this point in time.
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Vicster123
Level 1
12-07-2019
02:11 AM
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How does one edit the statement?
