jpmh
Level 3
12-07-2019
01:42 AM
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Client sold a rental that was his former residence.
Using the basis different basis rules for gain/loss put him in the "in between" zone where no loss or gain to claim.
I can't find a way for ProSeries to recognize this situation "naturally" (ie: can't find check boxes or worksheets for this situation)
I tried to override teh Basis on Form 4797 line 21 but teh software won't let me override that cell.
Am I missing something or am I headed to paper filing?
Thanks
Best Answer Click here
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jpmh
Level 3
12-07-2019
01:42 AM
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My apologies:
After posting I noticed this link in the "Similar Questions" List.
https://accountants-community.intuit.com/questions/1272123
I think that post has my answer
TaxGuyBill
Level 15
12-07-2019
01:42 AM
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Wow, that prior link is exactly what I would have said.
:smile:
