mcorn
Level 1
12-10-2020
03:25 PM
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Thanks again for your reply. I am using ProSeries. The odd thing about one of the rentals is that the taxpayer has not invested a cent in the building. The landlord, my taxpayer, rented essentially the land to the tenant who built a Royal Farms store on taxpayer's land and pays all expenses. So there would not be an asset entry worksheet for this rental, which, as a beyond triple net lease, does not generate QBI. Nevertheless, each rental is listed in separate columns on Schedule E. Thanks.