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Rental Allocation Form for 280(A)

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Level 2

Anyone with ProSeries Professional know how to access a rental allocation form to show gross, personal exclusion, loss limitation and net amounts from a residential rental property with personal days? 

Mr. Bryan...
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Level 15

The code section is §280A, not 280(A).

If you have made the input under Schedule E > Schedule E Worksheet for data entry for Days rented at fair market value and Days of personal use, the allocation will be done automatically.  You should also review whether Lines R and S may be applicable to your client.

The allocation and limitation will be computed and shown on the same input screen.  If you want a printed copy of the worksheet, it will be printed with the Preparer Copy or you can choose to print just the worksheet by selecting Print Selected Forms with Schedule E Wks.

 

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Still an AllStar

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Highlighted
Level 15

The code section is §280A, not 280(A).

If you have made the input under Schedule E > Schedule E Worksheet for data entry for Days rented at fair market value and Days of personal use, the allocation will be done automatically.  You should also review whether Lines R and S may be applicable to your client.

The allocation and limitation will be computed and shown on the same input screen.  If you want a printed copy of the worksheet, it will be printed with the Preparer Copy or you can choose to print just the worksheet by selecting Print Selected Forms with Schedule E Wks.

 

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Still an AllStar

View solution in original post

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Level 2

Many thanks on the Preparer Copy, and on your timely response. 

Mr. Bryan...
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Level 15

NP, @daspackmule!

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Still an AllStar
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Level 2

What about when inputting on the worksheet associated with Form 8825 on a 1065? I entered fair rental and personal use days and it does not appear to be calculating the personal component when I print the return.

Mr. Bryan...
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