Radha
Level 1
08-28-2024
11:04 PM
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Client qualifies to treat rental losses as non-passive and offset the loss against regular income. The rental is a short term rental & the client actively & materially participated in the activity. How do I get ProSeries to change it to Non-passive? I have checked the box for active & material participation and the box indicating that the rental property is subject to recharacterization rules. Nothing is working. I cannot check the box in the Info Worksheet indicating that the taxpayer is a Real Estate Professinal since he is not. I am at my wits end trying to get this return done, please help
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