Level 15
12-06-2019
07:26 PM
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Client is retired and owns an apartment building, this is his main source of income. He manages it himself and being a retired contractor he handles the majority of repairs. He keeps good records and has a designated office space for managing the apartment building.
I don't see a way to get the 8829 to connect to Sch E....is this something that I have to do manually then just insert the ending figure onto Sch E as Other Expenses?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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IRonMaN
Level 15
12-06-2019
07:26 PM
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I believe 8829s are only for schedule C use. I think you are on the right track to do the manual calculations.
Slava Ukraini!
Level 15
12-06-2019
07:26 PM
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that's what I figured but was hoping I was just overlooking something somewhere, thanks!
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Marc-TaxMan
Level 8
12-06-2019
07:26 PM
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Does Client reside there also? Or are we discussing a separate home with office from which he manages apartments?
Level 15
12-06-2019
07:26 PM
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Its in a portion of his personal residence....he does not live in the apartment complex.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪