sjescher
Level 3
12-07-2019
06:37 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client has rental income, but is married filing separately. Proseries seems to be denying income reported.
Solved! Go to Solution.
Labels
sjescher
Level 3
12-07-2019
06:37 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you for suggesting "final review." Since taxpayer did live with spouse during the year, the rental did
not calculate. I thought it would be net income, but Proseries figured a net loss when I checked the "not live with spouse during the year" box on the information page. I'll have to figure why it was a net loss, but the answer is good for now. Conclusion: since taxpayer and spouse lived together during the year, the rental will not show on the tax return.
not calculate. I thought it would be net income, but Proseries figured a net loss when I checked the "not live with spouse during the year" box on the information page. I'll have to figure why it was a net loss, but the answer is good for now. Conclusion: since taxpayer and spouse lived together during the year, the rental will not show on the tax return.
sjescher
Level 3
12-07-2019
06:37 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I'm satisfied with this answer. How do I mark it as "recommended"?
TaxGuyBill
Level 15
12-07-2019
06:37 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I just converted it to an answer that you can now 'recommend'.
TaxGuyBill
Level 15
12-07-2019
06:37 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Can you clarify what you mean by "Proseries seems to be denying income reported"?
Have you gone through the error check/review?
Have you gone through the error check/review?