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

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

 

thanks for the comments.

 

Al

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Level 15

Most of the time it is PITC.

 


ex-AllStar
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Level 15

PITC?


ex-AllStar
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Level 15

Person In The Chair


ex-AllStar
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Level 15

@sjrcpa wrote:

Person In The Chair


That's PEBCAK to George. 😎

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Still an AllStar
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Level 15

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

Former Chump... umm.... AllStar.
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