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Why is Lacerte Treating Foreign Rental Income as Non-1411 Business?

msindc1
Level 3

Colleagues:

Client has $5000 in rental income from a property in the UK.  Lacerte is deducting that income from the Net Investment Income tax on Form 8960.  The schedule says "Adjustment for Non-Section 1411 Business".  But I believe that it is Section 1411 business, isn't it?  Anyone know what's going on?

Micah

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PKCPAMST
Level 4

Please make sure there is no "1" in Field "1=nonpassive activity" in Section General Information of Screen 18 - Schedule E.

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2 Replies 2
PKCPAMST
Level 4

Please make sure there is no "1" in Field "1=nonpassive activity" in Section General Information of Screen 18 - Schedule E.

View solution in original post

msindc1
Level 3

Ack!  That was it!  Grr--and I know better!  THANK YOU!