sbring
Level 2

I have a client that rents out farm land with net rental over $12,000.  Does this exclude him from earned income credit on his earned income?

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TaxGuyBill
Level 15

I believe it does because "rents" is part of the definition of "investment income" for the Earned Income Credit.

Out of curiosity, is your software allowing it?  I know there was a previous error in one of Intuit's software (I think it was ProSeries) that was allowing the Earned Income Credit for non-passive rental income.

sbring
Level 2

Using Proseries Professional

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