Evonne Winegarner
Level 2
03-09-2020
02:13 PM
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Have a California resident client who owns and rents out farmland in Ohio. Getting a diagnostic telling me income/loss will be treated as nonpassive on California return. To correct, I am to enter 1 in Real Estate Professional...but she is not such. Any help in correcting this to allow for passive
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sjrcpa
Level 15
03-09-2020
02:28 PM
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Cash rent on Sch E or crop share on 4835?
The more I know the more I don’t know.
abctax55
Level 15
03-09-2020
02:31 PM
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Do you have "land" entered as the type of property?
HumanKind... Be Both
Evonne Winegarner
Level 2
03-09-2020
04:23 PM
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Cash rent with expenses on Schedule E
Evonne Winegarner
Level 2
03-09-2020
04:23 PM
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Yes, I do.
sjrcpa
Level 15
03-09-2020
04:34 PM
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It is not passive. The software is correct.
The more I know the more I don’t know.