Re: 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

astern-1800accou · ‎11-18-2020

George4Tacks · ‎11-18-2020

Did you check the box for nonpassive or maybe real estate professional?

Here's wishing you many Happy Returns

abctax55 · ‎11-18-2020

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

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

astern-1800accou · ‎11-20-2020

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

thanks for the comments.

Al

sjrcpa · ‎11-20-2020

Most of the time it is PITC.

Ex-AllStar

George4Tacks · ‎11-20-2020

Here's wishing you many Happy Returns

sjrcpa · ‎11-20-2020

Person In The Chair

Ex-AllStar

itonewbie · ‎11-21-2020

@sjrcpa wrote:
Person In The Chair

That's PEBCAK to George. 😎

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Still an AllStar

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