Mactaxes
Level 3
02-19-2020
02:54 PM
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Hello:
We have a client who sold their rental property at a loss to their parents in January 2019. I understand that they cannot take any losses on this sale, including their prior year unallowed losses, but Proseries is having a fit when we enter the info on the Disposition Worksheet and wants to take the losses on Schedule E & 4797. We feel that this "disposition" should be reported on their Return, but there doesn't seem to be a clean way to do this without overriding several items, which prevents e-Filing. Am I missing something here?
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