JimMLINY
Level 1

Using the original 2019 Lacerte income tax application updated through last update.

I originally entered 224 as days available for rent in "days rented", 136 personal days and -0- rent revenue.  No diagnostic for IRC 280A.

I entered -0- in days rented upon audit finding.  Still no diagnostic for 280A. 

But, more importantly there are no changes to revised forms line items on -0- days rented with personal use days entered at 136 for 1040 pp 1 and 2 and Schedule E from the original forms schedules and line items audited.

Property was originally set up in Lacerte as rental property for investment with personal use (tracked by management company) in 1031 exchange years ago.

I am trying to write this as simple as I can't so bear with me.

If a Sch E Rental Pro has -0- days rented, -0- rent revenue and $20K in expenses, should a diagnostic for IRC 280A be issued indicating the deductions should be reviewed to see if compliant with IRC 280.

I cannot generate a diagnostic in 2019 Lacerte income tax application with -0- days rented 136 days of personal use and -0- revenue.

The application computes all pages of return the same way as original (224 days rented 136 days personal use and -0- revenue) with no differences nor diagnostics.

 

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