George4Tacks
Level 15

I assume you have marked each property as a self rental. Here is the help screen for that from Lacerte:

"

This is a mandatory entry for each rental and royalty property. You can press [Ctrl]+[T] and select the type of property. For a property type that isn’t on the list, make an entry in “Other type of property” (Screen 18, code 803).

Selecting “Self-Rental” or “Land” will trigger the recharacterization of passive income rules. Under these rules, a net loss for the activity will be treated as a passive loss, while net income for the activity will be treated as nonpassive income. See IRS Publication 925, Passive Activity and At-Risk Rules, for further information."

I don't know that further grouping is necessary, but you can use Aggregate business number in the QBI section down near the bottom. Just pick a random  number and enter that number for each of the properties you want to group. Here is the help screen from Lacerte:

"Enter a number to aggregate two or more businesses. All businesses with the same number will be aggregated together.

NOTE: SSTBs may not be aggregated. See Publication 535 for more information."

@IntuitAustin  Any chance this type of F1 help screen might ever make it's way into PTO?

 


Here's wishing you many Happy Returns