lefty722
Level 1
12-16-2019
12:35 PM
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Best Answer Click here
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Level 15
12-16-2019
12:35 PM
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I have not seen other reports of mishandling of real estate losses being an issue in the 2018 software, maybe you can elaborate on the specifics of one of the returns in question and someone can help you see if this was a programming issue or perhaps data entry error or misunderstanding on your part about how rental losses work when the $25K limit comes into play.
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George4Tacks
Level 15
12-16-2019
12:35 PM
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DMS does a terrible job of preparing tax returns. Try one of the Intuit Tax prep products next time. https://accountants-community.intuit.com/articles/1859737-comparing-lacerte-and-proseries-and-procon...
Answers are easy. Questions are hard!
abctax55
Level 15
12-16-2019
12:35 PM
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MY software limits it correctly, unless PEBCAK occurs and "real estate pro" gets checked.
HumanKind... Be Both
poolcleaner
Level 9
12-16-2019
12:35 PM
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PEBCAK has become a major part of my vocabulary. Thank you, A.
abctax55
Level 15
12-16-2019
12:35 PM
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I love it....and yes, it has been the issue with more than one of my "technical" issues.
HumanKind... Be Both