prkwork
Level 4

Some clarifications, please:

1. So, even though there is but one home, for each Sch. C or K-1, you cite different homes (Home 1, Home 2, and Home 3 in your example, as I see Home 2 and Home 3 in the Federal Worksheet and Home 1 on your input screen). And then you have to enter the business square footage and the total square footage on each. I.e., multiple entries of the same data. Yes? I would prefer that ProConnect would handle this better, as but one home (Home 1). So, why does ProConnect say "one home/multiple businesses" if you are entering multiple "Homes"?

2. Where do you come up with 40% for the Sch C "home"? I do understand that the K-1s for each of the equal partners would get half of the remainder (70%/2).

0 Cheers