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I checked the box to force form 8582 yet the form won't generate. the taxpayer's income exceeds 150k yet the software is recognizing the net rental loss

 
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7 Comments 7
George4Tacks
Level 15
Did you check the box for nonpassive or maybe real estate professional?

Here's wishing you many Happy Returns

yes, i'm new to the software so it was a rookie error.

 

thanks for the comments.

 

Al

sjrcpa
Level 15

Most of the time it is PITC.

 

George4Tacks
Level 15

PITC?


Here's wishing you many Happy Returns
sjrcpa
Level 15

Person In The Chair

itonewbie
Level 15

@sjrcpa wrote:

Person In The Chair


That's PEBCAK to George. 😎

---------------------------------------------------------------------------------
Still an AllStar
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abctax55
Level 15

Or mark the rental as "delete next year" to indicate that it has been disposed of in a 'fully taxable transaction'?


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