I use a dummy Sch C and the 8829 to complete the OIH deduction, then print the 8829,. delete Sch C and enter it the OIH deduction as Other Expenses on Sch E.
There was a previous post regarding this...good luck finding it.. I believe the suggestion was to use Sched C F8829 worksheet to get your calculation then do Other Expense line entry with the amount
I use a dummy Sch C and the 8829 to complete the OIH deduction, then print the 8829,. delete Sch C and enter it the OIH deduction as Other Expenses on Sch E.
Does the client also qualify as a real estate professional? Are they claiming the Section 199A deduction? Does the Schedule E show a loss even before this deduction? Whether a rental real estate enterprise is a trade or business is the subject of uncertainty for some taxpayers. And some tax preparers. I would proceed with caution.
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