jpmh
Level 3

Client sold a rental that was his former residence.

Using the basis different basis rules for gain/loss put him in the "in between" zone where no loss or gain to claim.

I can't find a way for ProSeries to recognize this situation "naturally" (ie: can't find check boxes or worksheets for this situation)

I tried to override teh Basis on Form 4797 line 21 but teh software won't let me override that cell.

Am I missing something or am I headed to paper filing?

Thanks

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jpmh
Level 3

My apologies:

After posting I noticed this link in the "Similar Questions" List.

https://accountants-community.intuit.com/questions/1272123

I think that post has my answer

View solution in original post

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TaxGuyBill
Level 15
Wow, that prior link is exactly what I would have said.   :smile::smile:
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