TaxGuyBill
Level 15
08-26-2021
10:38 AM
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@TaxingUpNorth wrote:
I know the issue is that the income is considered nonpassive, so it should be allowed, and proseries is calculating it correctly.
Actually, that is not the issue. You are right that passive income is disqualifying income for EIC. But so are "rents" (not from a trade or business). ProSeries either ignores that or is interpreting "rents" only applies to rental of non-real estate, so it allows EIC. Apparently the IRS disagrees with Intuit.